Founders

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 [1:0