#57 John Bogle: Stay the Course: The Story of Vanguard and the Index Revolution

Founders

What I learned from reading Stay the Course: The Story of Vanguard and the Index Revolution.

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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]

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Founders Notes gives you the ability to tap into the collective knowledge of history's greatest entrepreneurs on demand. Use it to supplement the decisions you make in your work.  Get access to Founders Notes here

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“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

More description

What I learned from reading Stay the Course: The Story of Vanguard and the Index Revolution.

----

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]

----

Founders Notes gives you the ability to tap into the collective knowledge of history's greatest entrepreneurs on demand. Use it to supplement the decisions you make in your work.  Get access to Founders Notes here

----

“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

2019-01-27 89 min
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