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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. If you look at that ETF low cost leadership space, I believe 86 percent of our assets would now be considered lowest cost. That means a low hurdle rate. I want to put that in context of leadership. So we do that.

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Transcript: Savita Subramanian

Barry Ritholtz

And so I went to business school, I decided to go to business school, get that formal education. But now we’re back to a more normal hurdle rate. 5% interest rates is not super high. And to his credit, and this is a, a good display of leadership Yes. 00:50:03 Not anymore. I think it’s manageable, right?

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