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Transcript: Tim Buckley, Vanguard’s CEO

Barry Ritholtz

BUCKLEY: I think it’s one huge lesson for us, and it’s brought out in our leadership team. 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. Great leaders, you’ve got to embrace your reality.