1975: Vanguard founded. 2018: Vanguard hoovers up new investments at 8.5X rate of next fund. Oh, excuse me, next 4,000 funds combined. And the hilarious thing is the fundamental thesis hasn't changed at any point.https://www.nytimes.com/2017/04/14/business/mutfund/vanguard-mutual-index-funds-growth.html …
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Haha yeah put another way, their fundamental thesis is that they are not smarter than everyone else. Which ironically is the exact thing making them smarter than everyone else.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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Why does it do that?
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