Hello!

Welcome to the Bad Deals edition of Slate Money, your guide to the business and finance news of the week.

I'm Felix Salmon of Axios. I'm

joined by Anna Shamansky. Hello. And by Emily Peck of the Huffington Post.

Hello.

Who has written a long and fascinating article in the Huffington Post about dealmaking in general

and about the president's dealmaking in particular. We are going to

talk about that. And we are going to talk about the worst deal that I think any of us have

seen in a long time, which is not anything in America. It is the Brexit fiasco, which managed to become even more of a fiasco

this week, if such a thing were even possible. No one knows what's going on, including us,

but we are going to manage to navigate our way through that anyway. And we are also, we really

do need to talk about Jack Bogle because he's a hero.

So we are going to talk about Jack Bogle, the founder of Vanguard and the man who probably saved you thousands, if not tens of thousands of dollars on your investment fees.

Well done to him.

Thank you, Jack.

I must also mention that we will, in the show

notes, be posting all of the juicy links that you have been emailing and asking for

in terms of Anna's contentions about millennials. This was not just pulled out of her bottom. I swear. There are

actual links and they're all going to be in the show notes. If you want to click on those links

and see for yourself, you are able to do that. So all of that is coming up on Slate Money.

So Anna and I have had various fights in the past about index funds and the utility thereof and whether they're systemically dangerous and all of this kind of thing.

And I don't want to litigate all of that necessarily again because we don't like to repeat ourselves too much here on Slate Money except for when it comes to Brexit because that's just like all we ever do is repeat ourselves on that one. We will talk more about the fustercluck

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