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Gus Sauter: Vanguard's Former CIO on Indexing, Active Management, and Private Equity (EP.216)

The Rational Reminder Podcast

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Active Management

I remember jack bogle showing up in my office door saying, gus, you wait and see, indexing is going to be a big thing. We're going to get ten billion dollars some day. I think active management has become more difficult. The problem with active management is it's a very darwinian process that there are always bright people coming into the industy. It's just more difficult to out perform. But still, active management is at a disadvantage because it is higher cost.

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