If managing clients' shares gives them such colossal power, how come the founder... | Hacker News

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		verteu 11 months ago \| parent \| context \| favorite \| on: How each pillar of the First Amendment is under at... If managing clients' shares gives them such colossal power, how come the founder of Vanguard was worth less than the founder of In-N-Out Burger?

slowhadoken 11 months ago [–]

The Medici Family was powerful because they were bankers of the papacy, i.e., they managed the Pope's finances.

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