Eric Balchunas on the Vanguard Effect
Masters in Business
00:00
Low Cost Active vs Low Cost Passive - The Great Cost Migration
If vanguard never gets into passive and indexing, and instead just does low cost active, which would destroy, though they'd get all the money. I call it the great cost migration. It is much more powerful than indexing. And if you were to have made active mutual funds and got them down to those low fees that vanguards active funds currently are at, they would utterly destroy. They'd be the biggest active mutual fund shop six times over.
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