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4min chapter
Inside "The Bogle Effect"
Trillions
The Vanguard Effect
All the money in america pretty much goes to vanguard, or people who copy their lofy index fund. So in a way, the whole industry is now governed by the mutual ownership structure,. Even if they aren't mutually owned themselves. And we get so wrapped up in meam stocks and ah, you know, a theme funds. The amount of money, even crypto, the amount of money that goes into vanguard every day just dwarfs all that.
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