john bogle

What I learned from reading Enough: True Measures of Money, Business, and Life by John Bogle 

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Gentlemen, cut your costs. [4:00]

the benefits of being forced to work early on in life [7:00]

I'll never forget the inspiration when I read this quote: The force of his mind overcame his every impediment. [9:30]

the traits he needed to found Vanguard [12:00] 

what John thinks we should be doing better [13:30]

create things that help other people/Charlie Munger [17:30]

When a business fails people want to know their revenue. I want to know their costs [19:30]

the past is not a prologue in the financial markets... please, please, please don't count on it. [23:00]

Einstein well understood the limits of quantification / the way we act and the way we measure are in conflict [26:00]

Show me the incentive and I will show you the outcome. –Charlie Munger / If you get the incentives right when you start the company you will grow. [35:00]

A rule of life: Press On, Regardless [39:00]

10 reasons why I bother to battle [44:00]

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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

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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“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