Talk Your Book: What Makes an Index Fund Work

Animal Spirits Podcast

The Compound

Business News, News, Investing, Business

4.7 • 2.1K Ratings

🗓️ 9 January 2023

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

On today's show, we are joined by Rodney Comegys, Head of Vanguards Equity Investment Group to discuss how indexing works, what makes Vanguard so special, active investing vs passive investing, and much more! Find complete shownotes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Like us on Facebook And feel free to shoot us an email at animalspiritspod@gmail.com with any feedback, questions, recommendations, or ideas for future topics of conversation. (Wealthcast Media, an affiliate of Ritholtz Wealth Management, received compensation from the sponsor of this advertisement. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. Any mention of a particular security and related performance data is not a recommendation to buy or sell that security. The information provided on this website (including any information that may be accessed through this website) is not directed at any investor or category of investors and is provided solely as general information.) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to Animal Spirits, a show about markets, life, and investing.
0:05.0	Join Michael Batnik and Ben Carlson as they talk about what they're reading, writing, and watching.
0:11.0	Michael Batnik and Ben Carlson work for Ritholds Wealth Management.
0:15.0	All opinions expressed by Michael and Ben or any podcast guests are solely their own opinions
0:19.0	and do not reflect the opinion of Ritholds Wealth Management.
0:22.0	This podcast is for informational purposes only and should not be relied upon for investment decisions.
0:27.0	Clients of Ritholds Wealth Management may maintain positions in the securities discussed in this podcast.
0:32.0	On today's show, we had somebody who is responsible for running quite a bit of money in the multiple trillions.
0:39.0	I think that's the first for us.
0:40.0	Yeah, it's a trillion dollar portfolio manager.
0:42.0	No big deal. Not to brag.
0:44.0	We add on...
0:45.0	Rodney Hammaceys?
0:47.0	We add Rodney Hammaceys.
0:49.0	He is the head of Vanguard's Equity Investment Group,
0:53.0	which is responsible for overseeing all of the index funds that they manage.
0:58.0	I know people think that indexing is boring.
1:01.0	I think in this case, boring is beautiful.
1:03.0	You don't really have to go far to see the case for it these days.
1:06.0	I think maybe the biggest thing, if we're using 2022 as an example of some of the wrong stuff that can happen in the markets,
1:12.0	just knowing what you own and why you own it is maybe one of the most simple parts of being in the next fund.
1:18.0	You don't have to worry about key man risk,
	...

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