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Jack Bogle Remembered on Masters in Business (Podcast)

Masters in Business

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Vanguard 500 Index Fund

Vanguard 500 is an unmanaged broad index. There's no manager, nobody's in charge. So if you couldn't go into management, how are you able to set up the Vanguard 500? Would be patient. Okay. Right. We were not allowed to go into distribution because that was willing in function too. But we had this little administrative company looking over, however, the legal responsibility and board responsibility to look over the advisor and distributor. And so my first I knew a company that was an administrative company was not going to be anything for me.

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