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4min chapter
Discussing The Current State Of The Investment Industry with Eric Balchunas
FYI - For Your Innovation
Indexing - A Book About Jack Bogol
John Bogle was a pioneer in indexing. He set up vanguard as a mutually owned company, with investors and managers voting on what to do with the profits. The mutual ownership structure is very part of the reason why no one has copied it - yet. It's not just indexing that i go out in the book, it's not only indexing that he is that's important. That's honestly the main nucleus of the whole thing. I wrote the book cause i'm really fascinated by this idea where you turn over all the profits to the customers? Why did he have so much fun doing it? You can't be mad at him for being funny.
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