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#57 John Bogle: Stay the Course: The Story of Vanguard and the Index Revolution
Founders
The Benefits of Diversification
Charlie Munger said that if you thought like an owner, you would be focused exclusively on what's best for the customer. A lot of management theory taught in business school is called "choaddle," which is just a nice way to say bullshit. If we can improve the quality of our decisions making even by 1% over a long period of time, that's a drastically different life over several decades.
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