Vanguard

“My dream is that we'd be buying a 32nd ad on your show talking about our family of funds, and, you know, we'd have, you know, ads in a magazine just like Fidelity and Vanguard do, and we would become one of those places where consumers invest to, help them, he…”

“This whole angel investing phenomenon is partly due to this Vanguard S&P 500 and the way the public markets are working. So people that call this a bubble I don't really understand the full scope of money and money flows and the whole ecosystem of investing, b…”

“And so it's destroying creativity and it's also you're going to start to see some massive fallout i can't predict when but you're starting to see cracks companies misbehaving again because you know it's okay for wells Wells Fargo as part of the S&P 500 to misb…”

“And when these, once there's so little inventory and the amount they're selling is so small and the size of a Fidelity or Vanguard or Wellington fund is so big, their ability to buy a position in the public market is actually not that they can't get much alloc…”

“Intellectually, as I said, this would be like if Vanguard said, you know, we've been thinking active management is the way to go.”

“To Terry's point, if Vanguard has 10 trillion, putting 10% of that into venture would move the needle, but I just don't think ordinary investors should be doing this stuff. I don't know. There's just I just, I, it's just part of greed. Too much greed.”