FYI: Mortimer “Tim” Buckley takes over in December, 2017 as Vanguard Group’s fourth chief executive since John C. Bogle started the Malvern investment group 42 years ago. In one of his first public appearances since he was named to the top job, Buckley stopped by Ritholtz Asset Management’s Evidence-Based Investing Conference in New York on Thursday and introduced himself in half-hour remarks for around 200 attendees.
Founder Barry Ritholtz, who recommends Vanguard indexed ETFs to many of his clients, quizzed Buckley about running Vanguard, where investors this year have poured a billion dollars a day into accounts, boosting assets to nearly $5 trillion. Ritholtz’s firm manages around $600 million. Highlights of Buckley’s talk, edited for brevity and clarity:
Regards,
Ted
http://www.philly.com/philly/blogs/inq-phillydeals/new-ceo-tim-buckley-to-run-vanguard-you-have-to-be-willing-not-to-be-a-billionaire-20171106.html
