2min chapter

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#1100 Eric Balchunas On The Greatest Investor You Never Heard Of

The Pomp Podcast

CHAPTER

Is It the Vogel Effect or the Vanguard Effect?

Vogel set a very good example, and it doesn't mean he didn't have to live in the woods any bugs. He was pretty wealthy. But $80 million for what he did is ridiculously small,. He wouldn't even make the top 1000 of Forbes richest people, right? So I think he is an inspirational guy, a different guy, a weird guy. The industry couldn't do it. They saw him having success and nobody copied that structure. Everybody has to copy it now.

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