Investor-owned asset management firm and creator of the first retail index fund.
“Vanguard and BlackRock have between the two of them have $25 trillion in assets because they've dominated low cost indexing.”
Source→“Yes, mutualization of the fund and funds activities was totally my idea. And I realized that a mutual company would never provide me with the personal fortune that so many denizens of Wall Street would earn. But it offered, I believe, my last best chance to resume my career.”
Source→AI-extracted from podcast / newsletter / paper summaries. May contain errors.