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Pardon my ignorance, but how would NYT directly benefit from a boost in Vanguard popularity? Say this article somehow elicits a bevy of people/companies to inve
by subroutine 10y ago
Pardon my ignorance, but how would NYT directly benefit from a boost in Vanguard popularity? Say this article somehow elicits a bevy of people/companies to invest in Vanguard, raising their mutual fund from $4.2 to a $4.5 trillion. Given that NYT stake in this fund remains constant, it's not clear to me how this helps NYT employees - unless $4.5 trillion is the tipping-point for market manipulation (but isn't this fund simply tracking major indexes?). Or would the biggest benefit come in the form of even lower fund fees (<0.1%)?
- cJ0th 10y ago> Pardon my ignorance, but how would NYT directly benefit from a boost in Vanguard popularity? I never said they would. I could imagine they got paid for this article but if I said so I would go out on a limb as I don't know whether that's the case. All I am really saying is this: > What I miss is a critical examination of the situation. ---- edit: I think this is a more balanced article on Vanguard: http://fortune.com/vanguard-mutual-funds-investment/ http://fortune.com/vanguard-mutual-funds-investment/ (It's from December 2016, though)
- psyc 10y agoIt wouldn't. It's utterly insignificant that Vanguard hosts their 401Ks. That's like saying, "Full Disclosure: Many NYT employees have accounts at BOA!"
- jessriedel 10y agoVanguard gives discounts to large institutions. If a NY Times story helps Vanguard, Vanguard could cut their rate a bit. I don't think this is likely, but I think it's clearly possible, and noting this potential conflict of interest seems prudent. This is what the disclosure is for.