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Vanguard is owned by funds that are owned by shareholders. Essentially, it's customer-owned. That's a very different proposition.
by feedjoelpie 9y ago
Vanguard is owned by funds that are owned by shareholders. Essentially, it's customer-owned. That's a very different proposition.
- eru 9y agoYes, on paper its customer owned; and that's why I suggested it as a role-model to study. In practice you still get principle-agent conflict. But so far they are still doing well by their customers in practice.