The Bogle Effect
The Compound and Friends
00:00
Vanguard's Advisory Shift and Market Dynamics
This chapter explores Vanguard's expansion into the advisory business and its implications on their investment philosophy. It discusses the competitive challenges faced by Vanguard amidst larger wealth management firms and the evolving landscape of financial advice, particularly for aging clients. The conversation also delves into trends in active management, stock splits, and generational influences, blending financial insights with lighthearted discussions on pop culture.
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