How to Manage 50 Trillion Dollars
Ever wondered where your money ends up? I’ll tell you.
Imagine this: You find yourself in a cellar surrounded by a whopping 50 trillion one-dollar notes! Your task? To sign each and every one of them. But fear not, for you are allowed to keep all the notes you sign. Now, let's calculate just how long you'd be sitting there, pen in hand.
Since there are 50 trillion notes, and it takes you a cool 2 seconds to sign each note, we must do some math. Drumroll, please! The grand total is... 100 trillion seconds!
But hold on, we need to put this in a more relatable timeframe. Let's convert it. In a day, there are 24 hours, each with 60 minutes, and each minute with 60 seconds.
Voila! It comes out to approximately 1,157,407,407.41 days! You'd be signing away for over a billion days.
To put this into perspective, here are a few examples:
It's like signing notes non-stop for more than 3 million years.
You little transphobe could watch the entire Harry Potter film series over 2 million times while signing those notes.
If you started signing when the pyramids were being built, you'd still be at it today!
What we just looked at is the combined worth of assets managed by the leading 17 global asset management firms.
So, get comfy, get a premium subscription, and settle in for the long haul. It's going to be one epic signing marathon! Or better: Just continue reading. Here’s a list of all you’re getting. And here’s what others think. Check it out, it’s definitely worth it.
In today’s article, we delve into the realm of the world's elite asset management firms. BlackRock often gets all the screen time but each of these institutions boasts control over investment capital often surpassing one trillion dollars. Combined, their financial stewardship extends to an awe-inspiring $80 trillion, marking them as the leviathans of global finance. The wealth they deftly manage originates from a vast array of millionaires, billionaires, and corporate titans, all seeking to magnify their fortunes through strategic market investments.
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