Vanguard's Early Struggles
Jack faced significant challenges after leaving Wellington, as his ambitious plans for retail index funds initially flopped, raising only $12 million instead of the targeted $150 million. Over a decade, the perception of index funds shifted, leading to a surge in interest and eventual success for Vanguard. Despite early skepticism towards ETFs, Vanguard later became a major player in both index and actively managed funds, showcasing a remarkable evolution in investment strategies.In this clip
From this podcast
Capital Allocators – Inside the Institutional Investment Industry
Charley Ellis - Figuring Out Investing and Vanguard (Capital Allocators, EP.286)
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