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Transcript: Tim Buckley, Vanguard’s CEO

Barry Ritholtz

BUCKLEY: They were all institutional separate accounts. And right now, you look back over 10 years, our active funds, 94 percent are outperforming their competitive group averages, 68 percent are outperforming their benchmarks. That means a low hurdle rate. RITHOLTZ: Billion with a B. BUCKLEY: $125 billion. RITHOLTZ: Wow.

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Transcript: Julian Salisbury, GS

Barry Ritholtz

And my dad had always said, as many young kids get this advice, doctor, lawyer, accountant, engineer. SALISBURY: And accountant seemed like a reasonable option. And I kind of stumbled my way into accounting. That background of being an accountant was just great bedrock training. RITHOLTZ: Sure. Very different fields.

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Transcript: Stephen Suttmeier

Barry Ritholtz

Accounting was very difficult. It’s about a 50% fail rate, something like that. Here’s how I would identify a core along you, you first and foremost, you identify what your benchmark is, how are you measuring your performance? And I remember that first level was tough. I had no finance background. Maybe even more.