THE ALLOCATOR Book 5
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Philadelphia and Valley Forge, 1929 to 2019. Walter Morgan opens a balanced fund in the year John Bogle is born, and Bogle spends sixty-eight years inside the business it started — first defending its fees in print under a pen name, then losing control of it in a merger he built himself, then constructing the only fund company in America owned by its own funds and using it to sell the market average at cost. The first index fund raises eleven million dollars against a target of a hundred and fifty, and is called a folly for a decade. By the time he dies the argument has won, and its victory has become the problem: three firms now vote a quarter of corporate America, and one of them is his. Covers John Bogle, Wellington, and First Index Investment Trust.
Listen
Part 01
3:51:21
Part 02
4:15:38
Part 03
4:21:03
Part 04
4:12:07
Books in this series
- THE ALLOCATOR Book 1
4 parts · 14 h 57 min
- THE ALLOCATOR Book 2
4 parts · 14 h 57 min
- THE ALLOCATOR Book 3
4 parts · 15 h 13 min
- THE ALLOCATOR Book 4
4 parts · 15 h 37 min
- THE ALLOCATOR Book 5
4 parts · 16 h 40 min
- THE ALLOCATOR Book 6
4 parts · 14 h 46 min