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M*: Be Thankful That You Don't Compete Against Vanguard
FYI: Last week, Morningstar published its semiannual Morningstar Fund Family 150 report. (The 170-page paper is free to those who register. For a briefer overview, see this post from Morningstar’s Bridget Hughes.) The publication ranks the 150 largest U.S. fund companies from top to bottom. The current installment places Dodge & Cox first, and City National Rochdale dead last. Regards, Ted https://www.morningstar.com/articles/945008/be-thankful-that-you-dont-compete-against-vanguard