Capital Allocators – Inside the Institutional Investment Industry

Charley Ellis - Figuring Out Investing and Vanguard (Capital Allocators, EP.286)

Dec 12, 2022

In this engaging conversation, Charley Ellis, an investment visionary and founder of Greenwich Associates, shares insights from his two recent books. The discussion delves into challenges in investment management and draws intriguing parallels between investment strategies and sports like tennis and baseball. Ellis reflects on the formative years of Vanguard and Jack Bogle's transformative vision for index funds. He also emphasizes the importance of clear objectives in both investing and personal achievements, blending storytelling with invaluable investment wisdom.

01:01:56

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Episode guests

Charles Ellis

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Episode notes

Intro

5min

Building Success in Professional Services

13min

Investing Lessons from Sports

8min

The Marathon of Investment Goals: Finding Success in Personal Objectives

4min

Jack Bogle's Vanguard Journey

24min

Passions and Influences in Investment Management

6min

Guiding Principles of Investment Counseling

3min

Charley Ellis is an investment luminary, founder of Greenwich Associates, author of seventeen investment books, longtime member of Yale's Investment Committee, and regular guest on the show. At the tender age of 85, Charley has published two books this year: Figuring It Out, an annotated compilation of some of his best investment writing over fifty years, and Inside Vanguard, a history of the index juggernaut. We sat down to discuss both of his latest works. Our conversation covers common characteristics of the best professional services firms and selections from Figuring It Out and Inside Vanguard. From Figuring It Out, we discuss the challenges of professional investment management, investment committees, and analogies to investing from tennis, baseball, golf, and running. From Inside Vanguard, we cover the rocky early days of Bogle's folly, the firm's on again/off again relationship with Wellington, its growth under Jack Brennan, compensation model, recent initiatives, and future prospects. Access Stream by AlphaSense Free Trial For full show notes, visit the episode webpage here. Learn More Follow Ted on Twitter at @tseides or LinkedIn Subscribe to the mailing list Access Transcript with Premium Membership

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