The Relentless Bid
The Compound and Friends
Josh Brown
4.7 • 2.2K Ratings
🗓️ 5 November 2021
⏱️ 91 minutes
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| 0:00.0 | The Vanguard mutual ownership structure is the root of everything. I still I I've read about the mutual fund structure a million times |
| 0:06.2 | And I still don't necessarily understand exactly what it is and I can't quite be in very in English |
| 0:11.6 | Yeah, like what what I'm five years old. What what is this? All it is is that the funds own |
| 0:18.0 | Vanguard right, but what does that mean basically it means that the investors get to elect the board |
| 0:24.9 | Instead of and why is that so powerful because then whoever they send to the board is gonna fight for the investors |
| 0:30.0 | Not the shareholders. So I was talking about the mutual structure of anger which I've heard the story a million times the funds owned the company |
| 0:36.7 | But I still like so to me my question was what are the implications of that? So what? |
| 0:42.4 | Yeah, there's nobody there trying to have the fun company profit more |
| 0:46.4 | You know how you can almost say it is looking at the other two structures |
| 0:49.0 | Which is privately owned usually the owner wants to make a shit load of money like fidelity |
| 0:52.3 | So the yeah, and then publicly on where the investors |
| 0:58.8 | Investor is public yes |
| 1:04.0 | Dude, I love this it's cool, right? I love cuz you know why for me my elbow is west on the on the arms of the chair |
| 1:11.7 | And then my fingers are in position. I just like that. It's not like yeah, it's so much better |
| 1:16.5 | You know what I had just now for lunch |
| 1:19.5 | Underrated I just was stupid to say it's underrated. It's overrated and underrated at the same time sweet green |
| 1:25.6 | Every that sweet green you you're nodding your head. You love that way. It's sad |
| 1:30.6 | It's not underrated. It's jam packed all the time. They have a valuation by seven billion |
| 1:35.4 | So it's probably it's gonna go public in the next two weeks. I think |
| 1:39.9 | they have |
| 1:41.9 | roast chicken |
| 1:43.4 | That's like hot and like juicy like ready to drop right on the salad when you order |
... |
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