Salim Ramji

Susan Schwab, former U.S. Trade Representative under George W. Bush, discusses the long-term effects of Trump's tariffs on trade and economic inequality. Salim Ramji, CEO of Vanguard, reflects on 50 years of passive investing and the firm’s journey from $100 billion to over $10 trillion in assets. They explore the critical relationship between trade policy and monetary strategy, emphasizing the need for equitable trade practices. Additionally, they stress the importance of diversification and sensible investment strategies amid market volatility.

Salim Ramji, the CEO of Vanguard known for pioneering low-cost investment strategies, dives into the company's recent decision to reduce average fees. He discusses the importance of sharing economies of scale with investors and historical trends in fee reductions. Ramji also contrasts active and index management, explaining how lower fees can boost performance. He highlights Vanguard's commitment to reinvesting savings into technology and growth, while maintaining client satisfaction in an evolving market.