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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. We’ve always been a virtual company, just used to be through the mail and 1-800 number when I joined.