Meet The $100 Billion Company Behind The S&P 500

February 04, 2022 Meet The $100 Billion Company Behind The S&P 500 0 Comments

We all know the s and p five hundred it as one of the safest stock market investments in the world. The index is regularly updated to reflect the top five hundred most profitable and stable companies in america. So you can be pretty sure that, as long as america is still growing, it yes and to be five hundred will be growing as well. But despite the ubiquitous nature of the isn't to be five hundred, most people aren't aware of the company behind the index as soon to be global. Aside from deciding who stays and to leave the us and to be five hundred s to a global manages dozens of indices, but the focus is on various regions and sectors such as the s at the age of fifty and the essence, be midcap four hundred and to be also specializes in peru. Finding companies and governments with credit ratings into dot nine eleven, for example, as be a downgrade of the us government from aaa to double a plus. Considering all these background role as a vessel to be yet, I don't think you'd be surprised that some people wasn't quite a bit of money. In fact, there, the one hundred and fifty third and most profitable company in the world with a market cap right around one hundred billion dollars so serious as an a global became the king of index funds. Taking a look back at the history of essen to be a global circles. Back to a man named henry barnum for was born on december. Eight eighteen, twelve and end over end mean staying true to his name at henry's background was rather poor. Henry and his brother john, were the first people and their family to go to college, and they both got a logic after graduation and the two combined forces and established a local law firm in bangor maine. This was a rather lucrative career and their brothers made sure to spend and invest the money as effectively as possible, for example, and eighteen forties major by billy, going to embrace for you caught their attention. They invested heavily into the industry, which ended up making damage quite a wealthy and now that they were wealthy either brothers started to pursue what they are truly wanted. For john, this meant continuing to grow us both by becoming a business tycoon. He went ahead and spent his time expanding mentioned real network and they became the business magnate that he dreamed up asked for henry. On the other hand, it was mostly content was developed that he had already made and he had little desire to continue chasing money, so he decided to spend his time trying to help other everyday investors get to his level to do this, and we took up a job at one of his brothers, many company, if all the american journal and it became their manager and editor and eighteen forty nine for the next thirty years, and we regularly publish articles regarding the financial and operational state flush future of america railroad companies. All this work eventually culminated into a book called history of railroads and canals in the united states, which midst to view and making sixty, as the name suggests, the book attempted to provide a d detailed account of the entire history of us rail road and canals after publishing this book, and he felt that get done enough community service and decided to follow his brother's footsteps deeper into the business world and eighteen sixty two. It took on a role as a governor commissioner of you didn't specifically older, and she was promoted to secretary here's the very first year that henry it wasn't all that and.