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Salim Ramji: The Industry Uses Complexity As a Mask to Charge More

The Long View

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Navigating Complexity in Investor Portfolios

This chapter explores the rising complexity in investor portfolios, especially focusing on private investments and the balance between simplicity and value. It highlights Vanguard's approach to investment management, emphasizing low fees, cash flow-generating asset classes, and the importance of a balanced strategy between active and passive management.

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