[deleted] t1_iyf6rur wrote
Reply to comment by dkran in The EU is looking at seizing $330 billion in frozen Russian assets and investing them — with any profits going to Ukraine by KeenlyFirst
The main problem being no matter how the spend the profits if they were to truly invest that full amount they would have too much influence on the world economy and I guarantee the group in charge of that will not take into full account or care about the full scope of investing a large sum like that at once. Some asshole will end up with too much money and abuse the system on accident or purpose.
Greedyanda t1_iyfb2in wrote
Too much influence on the world economy?
Those 300 billion are barely 1/3 of Berkshire Hathaways invested assets. The Norwegian wealth fund alone is 1.2 trillion dollars. Vanguard holds 7.2 trillion under management. BlackRock holds 10 trillion dollars under management.
It's hardly anything noteworthy.
Geuji t1_iyfehju wrote
Warren had actually said that if he were to invest Berkshires money in a index fund that the fund would no longer represent the index
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