Founders: #57 John Bogle: Stay the Course: The Story of Vanguard and the Index Revolution
David Senra 1/28/19 - Episode Page
What I learned from reading Stay the Course: The Story of Vanguard and the Index Revolution.
---
Subscribe to listen to Founders Premium — Subscribers can listen to Ask Me Anything (AMA) episodes and every bonus episode.
---
This is a story of a revolution [0:01]
what Vanguard does and why? [7:00]
the seed of the idea that eventually becomes Vanguard [10:00]
switching from conservative investing to speculation / when humans are scared they copy the behavior of those around them [17:00]
John gets fired. He decides to fight back. [31:00]
if you know why you are doing what you are doing you are less likely to quit [41:00]
staying the course gives you a massive advantage because most humans quit [53:00]
We must never underrate the power of compounding investment returns, and always avoid the tyranny of compounding investment costs.– John Bogle [59:00]
eliminating the 50-year tradition of sales commission [1:01:00]
a failure caused by focusing on competition and not learning from the past [1:06:00]
the Founders Mentality [1:07:30]
personal reflections and a memoir of sorts [1:11:00]
—
“I have listened to every episode released and look forward to every episode that comes out. The only criticism I would have is that after each podcast I usually want to buy the book because I am interested so my poor wallet suffers. ” — Gareth
Be like Gareth. Buy a book: All the books featured on Founders Podcast