
Eric Balchunas on the Vanguard Effect
Masters in Business
00:00
Is Vanguard a Vampire Squid?
Nobody's ever accused vanguard of being a vampire squid jamming its funnel into the vein of money flows, as as we heard abouta some large companies during the financial crisis. And there was no accounting scandal at vanguard. There was no ipo spinning. The amount of money this guy commandeered, and the idea that no one's copied it just makes this such a fascinating story. I would say the same thing about boyle. You could never dream this gy up in like, the 60 uu couldn't. You couldn't dream this. Maybe possibly, but, and i know the story isn't that interesting, but if you again, the more you think about it
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