Eric Balchunas on the Vanguard Effect
Masters in Business
00:00
The Vanguard Effect Is Not Just a Mutual Fund Story
The vanguard effect is actually that. They haven't really seen the well y oas think, but they're still seeing inflows or no outflows. That's how powerful this is. It's not just a mutual fund story. So so let's come back to, you know, if if vanguard did an active, low cost, they would have been as successful. And whether it's the vanguard total arawor the s m p 500,. You're living in a world where vanguard has low cost active funds, but somebody has invented indexing some of them.
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