3 ms·
Buy and hold is a directional view.
by sseveran 10y ago
Buy and hold is a directional view.
- lmm 10y agoLet's not get into a semantic argument. The point is that Vanguard doesn't do fundamentals research or participate in capital allocation (in a meaningful sense; Vanguard does allocate capital but in proportion to existing allocation); they just invest passively and hope to earn the return of the overall market.
- sseveran 10y agoIts not semantics. You simply don't know much about the asset management business. Vanguard has numerous actively managed offerings. For example Windsor (http://performance.morningstar.com/fund/performance-return.action?t=VWNDX®ion=usa&culture=en-US http://performance.morningstar.com/fund/performance-return.a...). But there are others like the Admiral funds.
- lmm 10y agoAny big enough company has small fingers in many pies. Vanguard's focus and specialty is their low-cost index (and similarly passive) funds.