Bloomberg Radio podcast: Tim Buckley finds his purpose with Vanguard

Vanguard Chairman and CEO Tim Buckley had a comprehensive 45-minute conversation with Bloomberg Podcast host Barry Ritholtz for his podcast, Masters in Business.

Listen to the entire interview that covered:

• Tim's early days working for Jack Bogle and leadership lessons.
• How Vanguard will serve clients into the future including "investing heavily" in direct indexing.
• Recent market volatility and how Vanguard has continually answered the bell for its clients.
• Vanguard's investments in technology and modernization of 75% of its clients' digital experience to date.

Notes:

• For the ten-year period ended December 31, 2022, these percentages of Vanguard funds outperformed their peer group averages: 94% of all active funds (87 of 93), 98% of bond funds (43 of 44); results will vary for other time periods (Source: Lipper, a Thomson Reuters Company). Note that the competitive performance data shown represent past performance, which is not a guarantee of future results, and that all investments are subject to risks. For the most recent performance, visit our website at www.vanguard.com/performance.
• For the ten-year period ended November 30, 2022, 68% (32 of 47) Vanguard actively managed funds outperformed their benchmark indexes net of fees; results will vary for other time periods. Only funds with a minimum ten-year history were included in the comparison. (Source: Vanguard.) Note that the competitive performance data shown represent past performance, which is not a guarantee of future results, and that all investments are subject to risks. For the most recent performance, visit our website at www.vanguard.com/performance.
• Source for 86% of assets now lowest cost statistic: Morningstar, as of December 31, 2022.
• All investing is subject to risk, including the possible loss of the money you invest.
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