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#57 John Bogle: Stay the Course: The Story of Vanguard and the Index Revolution
January 28th, 2019 | E57

What I learned from reading Stay the Course: The Story of Vanguard and the Index Revolution.


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This is a story of a revolution [0:01]

what Vanguard does and why? [7:00]

the seed of the idea that eventually becomes Vanguard [10:00]

switching from conservative investing to speculation / when humans are scared they copy the behavior of those around them [17:00]

John gets fired. He decides to fight back. [31:00]

if you know why you are doing what you are doing you are less likely to quit [41:00]

staying the course gives you a massive advantage because most humans quit [53:00] 

We must never underrate the power of compounding investment returns, and always avoid the tyranny of compounding investment costs.– John Bogle [59:00]

eliminating the 50-year tradition of sales commission [1:01:00]

a failure caused by focusing on competition and not learning from the past [1:06:00]

the Founders Mentality [1:07:30]

personal reflections and a memoir of sorts [1:11:00]

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