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Bloody Queef
Mar 23, 2012

by zen death robot

izorpo posted:

Vanguard is non-profit.

Not correct. Vanguard is owned solely by its funds, so it's purely investor owned.

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Bloody Queef
Mar 23, 2012

by zen death robot

izorpo posted:

I see, thanks for the correction. The point stands though.

Yeah, Bogel only has on the order of 80mm net worth. Compare him to someone like Peter Lynch who was all about active management and he's got almost 400.

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