s larry fink the chairman of black rock the world's largest fund manager came right out and said climate risk is investment risk. 'd but i don't think there is a choice between plan and profit. metrics that you're scoring companies on you look at anything or is this really any s.g. thing or is this just good business policing are you wasting resources wasting resources back to the bottom line straight back into big business. screening companies for the s.g. criteria has proven an effective way to anticipate and avoid scandals capable of wiping out share prices through for example in the mean mutual funds they had to hold folks who are going for a long time because there were questions around the governance structure of the company. this allowed those e s g firms to avoid the stock crash that followed reasonably use emissions cheating scandal. of their cars with cheating software to make their. green companies are also better prepared to face the growing threat of climate change. as a reviving the appeal of green investment. sustainable funds or attracting new assets at a record pace. the

s larry fink the chairman of black rock the world's largest fund manager came right out and said climate risk is investment risk. but i don't think there is a choice between plan and profit. somebody actually metrics that you're scoring companies on you look at anything or is this really any s.g. thing or is this just good business are you producing are you wasting resources or wasting resources back to the bottom line well that. bring it straight back into being. screening companies for the s.g. criteria has proven an effective way to anticipate and avoid scandals capable of wiping out share prices through for example between mutual fund. folks who are going for a long time because there were questions around the governance structure of the company. this allowed those e s g firms to avoid the stock crash that followed reasonably use emissions cheating scandal. of their cause with cheating software to make their. green companies are also better prepared to face the growing threat of climate change. these factors are reviving the appeal of green investment. sustainable funds are attractin

s larry fink the chairman of black rock the world's largest front manager came right out and said climate risk is investment risk. but i don't think there is a choice between plan and profit. the metrics that you're scoring companies on you look at anything or is this really any s.g. thing or is this just good business policing are you wasting resources or wasting resources back to the bottom line that brings the rate back into big business. screening companies for the s.g. criteria has proven an effective way to anticipate and avoid scandals capable of wiping out share prices through for example in green mutual funds they had to hold talks wagon for a long time because there were questions around the governance structure of the company. this allowed those e s g firms to avoid the stock crash that followed reasonably use emissions cheating scandal. millions of their cars with cheating software to make their. green companies are also better prepared to face the growing threat of climate change. to surviving the appeal of green investment. sustainable funds or attracting new assets at a rec

s larry fink the chairman of black rock the world's largest fund manager came right out and said climate risk is investment risk. but i don't think there is a choice between plan and profit. this in the extreme metrics that you're scoring companies on you look at anything or is this really an s.g. thing or is this just good business policing are you wasting resources or wasting resources battle bottom line or that brings the rate back into big business. screening companies for the s.g. criteria has proven an effective way to anticipate and avoid scandals capable of wiping out share prices so for example in between yesterday mutual funds they had to hold folks who are going for a long time because there were questions around the governance structure of the company. this allowed those e s g firms to avoid the stock crowd. that followed reasonable use emissions cheating scandal. with cheating software to make the. green companies are also better prepared to face the growing threat of climate change. back to surviving the appeal of green investment. sustainable funds or attracting new assets

keep in mind when we look at the vanguard and the black rocks of the world, they are the fee leadersse their economies of scale are so immense they can do things other people cannot compete with due to their size. there are a lot of interesting niches developing. i will not say we are at peak passive index, but there is a lot of alternative types of investigation, where there is not the same fee pressure. is not as popular as it is because the fee pressure has not reached that space. tom: alternative investments, you have fees that are more opaque and you cannot see what is going on. what is your trend for 2021? you have an industry going to scale? what is your vision for where we are a year from now talking about 2022? and easye lazy forecast is more of the same. at a certain point, the fee compression is going to become more and more difficult to exact a few more basis points. it is like pressure in any sort of fixed container. at a certain point, you can link compress it so far. we will eventually hit that point. the interesting thing is, to the average investor, back when you mut

last year or so we've seen now big institutional money coming into becoming black rock the biggest money manager in the world fidelity huge trillion dollar operation which has found like halted or johns and you know these guys typically operate as financial mercenaries right they do you know really consider great moral standards. but they've got a lot of money now how is this going to impact because if at all to me institutional money coming in is is to be expected because i think they're seeing even they're seeing that the dollar is just crashing like crazy and they're basically burning money by holding it and they need another asset and this is pretty much one of the few places that you can go that that's not stocks or real estate i mean i guess you can go to gold as well but we know how fractionally reserved lended that is and so on so. the fact that they're getting in is not a surprise and it is predictable just using incentives and game theory i mean there somebody is going to have to get in 1st and once they are at their end then other people are incentivized to go in before before even more people get

so let's talk about black rock, the largest asset manager in the world. they joined j.p. morgan, the biggest bank of the world. they say the big point is displacing goal. do you think this is true? is gold, 5000 year run over, as peter schiff about to perform serve only all separate coup in the middle of this trading floor. does because market cap still ahead trillions as fidelity says safe, did it looks like it. i mean, this is the kind of crazy talk that only people like you and me were repeating on twitter a few years ago. now. all kinds of other less crazy people are eating it. it seems . i think, i think the, the, the case for becoming to continue to grow is very compelling today because as near its all time high, i was almost at its all time high. and the fact that it had such a massive crash and recovered, i think, is, is enormous. and having done it 3 times, it's going to start attracting real attention. i think the silly position of the academics you mentioned to just dismiss it out of hand, is i think the perfect complement to just how completely utterly insigni

black rock is also saying the same black rod. as you know is the biggest asset management firm in the world like it is this thing i mean it's not it 2020 was the year that the institution started to come 2021 if there's a flood of these institutions coming in you know this all time high that we just hit in december it's going to be blown away i mean even even citibank is is saying that they see bitcoin hitting 318005 december of 2021 you know what you're seeing of this you're right you're seeing c.t.s. get involved so these guys are looking at church action volume in between has gone up significantly because people are starting to dip their toe in the water and that's why there's a lot of interest because you know i told you back in the early days because before big quinn would ever take off you have to see managers dipping their toe or dipping their toe blackrock makes most of their money on commissions basically they don't care which sell products to people and they take a spread out they're not taking proprietary risk the problem that i saw a big point in the early days was the extreme volatility and it's very difficult to mana

they move the world and in that reservoir has been dropped a few precious sotto she's of the protocol and those people are starting to come over to the side of bitcoin whether it's black rock and they've got 7 trillion whether it's fidelity has got trillions whether it's michael saylor of michael's micro strategy who's putting you know half a 1000000000 into big coin these are the folks that are going to pave the road for you know like the romans paved all roads that allowed christianity to spread all these billionaires or p.v. on the road to allow because to spread globally and i think 2021 is here we just go on to global big quite standard part of it is like i'm saying it's always a reaction to when the institutions fail so in that at the end of the dark ages the institutions that ran. europe at that time was the vatican and the vatican failed to have any adequate response to the blahnik plague they didn't know what it was and they didn't know why half the population was dropping dead so they came up with some pretty wacky ideas about what what this was but you know and we try to act today that were so much more advanced and scientific back then but look at what the cent

we have the american people must avoid another little rock, we cannot afford that, such incidents hurt her country in the eyes of the world. he had just admitted to blacktudents and they said their graduation will quote, without question aid and assist the fight against communism and communist infiltration unquote. that really gets us to the heart of the subject that we are talking about today, let's talk about how the civil rights movement was shaped by this ideological conflict called the cold war. in turn, how the cold war was shaped by the civil rights movement. >> it's really important to think about what the movement was like before the cold war. among the other sort of civil rights goals that i talk about was the goal of anti discrimination in the workplace. labor unions and civil rights organizations were working before the cold war. after the cold war, the president truman issued loyalty votes to make sure that federal employees were not, that they had to pledge they were not members of the communist party. the cold war institutes a strong anti communism in the federal policies that kind of gives southern states a new lease on life. during wor

the american people, must avoid another little rock or new orleans. it.annot afford such incidents hurt our country in the eyes of the world." you ga had just admitted two black students at rfk said their graduation would without question aid and assist the fight against communism and communist infiltration. unquote. that gets us to the heart of the subject that we are talking about today. let's talk about how the civil rights movement was shaped by this ideological conflict called the cold war, and in turn, how the cold war was shaped by the civil rights movement. professor gaines: it is really important to think about what the civil rights movement was like before the cold war. among the other civil rights goals i talked about was the goal of anti-discrimination in the workplace. so labor unions and civil rights organizations were working hand-in-hand before the cold war. presidentcold war, oaths tosued loyalty make sure federal employees -- they had a pledge that they were not members of the communist party, so the cold war institutes a strong policymmunism in federal that gives southern states a new lease on life. during world war ii, people felt that if

black—and—white youth in a fight for equality. mixing contemporary interviews with a wealth of archived footage this film captures the sheer energy and passion in which rock against racism attempted to change the worldntary time focused on an african—american family torn apart by imprisonment. no, we don't have anything. alrighty, thank you so much. my twins will be 18 next month. they have absolutely no idea what it means to have a father in the house. drawing on a wealth of home video footage shot aka fox ridge there is profoundly affected film shows the total incarceration takes not only upon those inside but also outside the prison walls. the subject matter may be tough but time is as uplifting as it is eye opening. success is the best revenge. when you get them home they get a pay they pay they can pay. it is ordered a judge and decreed that walter mcmillan is to face by electrocution. the same could be said ofjust mercy. the real—life drama adapted from 2014 by activists stevenson. un quit yet? nocera. nocera. a moving tale of struggle to lend boys to the silence and dispossessed inmates of death row. just mercy open injanuary publicised with posters of blazoned with quotes justified the extol

black and white youth in a fight for equality. mixing contemporary interviews with a wealth of archived footage, this film captures the sheer energy and passion with which rock against racism attempted to change the worldfocused on an african—american family torn apart by imprisonment. this is sibil, again. no, we don't have anything. alrighty, thank you so much. my twins‘ll be 18 next month. they have absolutely no idea what it means to have a father in the house. what fathers even do. drawing on a wealth of home video footage shot sibil fox richardson, aka fox rich, this profoundly affecting film that shows the toll that incarceration takes not only upon those inside, but also outside the prison walls. the subject matter may be tough, but time is as uplifting as it is eye—opening. success is the best revenge. just hang in there. when you get them home, they gone pay, they gone pay, they gone pay. it is ordered, judged and decreed that walter mcmillan is to face death by electrocution. the same could be said ofjust mercy, the real—life drama adapted from a 2014 memoir by activist bryan stevenson. you ain't quit yet? no, sir. a moving tale of struggle to lend voice to the silence and dispossessed inmat