Eric Balchunas on the Vanguard Effect
Masters in Business
00:00
Why Are Vanguard Investors So Disciplined?
I think it's easier to behave when you have a cheap index fund as a tool. You're like, what am i going to do? Hop on to some high flying who had a good year at least. Or they're under performing, but at least they're expensiverityo and i think that resignation is made behavior. So i think bogel's contribution to behavior was monumental, just by introducing the index fund.
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