Vanguard - The Anti-Goldman Culture

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Mel Lindauer
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Vanguard - The Anti-Goldman Culture

Post by Mel Lindauer » Mon Apr 02, 2012 11:45 am

In the Harvard Business review, the writer compares Vanguard's culture to that of the Goldman Culture. Good stuff!

http://blogs.hbr.org/cs/2012/03/the_ant ... lture.html
Best Regards - Mel | | Semper Fi

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FabLab
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Re: Vanguard - The Anti-Goldman Culture

Post by FabLab » Mon Apr 02, 2012 12:34 pm

Mel,
Thank you for providing the link. It was a good read. Last week, I caught the Vanguard online presentation (the ones Rebecca Katz generally moderates) on asset allocation. Now it wasn't so much that I felt there was new information for me, but as I closed out my browser at program's end, I couldn't help but think that as a firm Vanguard consistently strives to provide clear information on a highly professional level. I have always appreciated that!
The fundamental things apply as time goes by -- Herman Hupfeld

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stratton
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Re: Vanguard - The Anti-Goldman Culture

Post by stratton » Mon Apr 02, 2012 6:37 pm

I'd really like to see regulations for investment banks structured so they go back to being partnerships again because there would be less onerous regulations. It's amazing how much risk control shows up wihen it's not "other peoples money."

Paul
...and then Buffy staked Edward. The end.

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Re: Vanguard - The Anti-Goldman Culture

Post by yobria » Mon Apr 02, 2012 7:12 pm

Thanks for the link, good read, would note that Vanguard's in an ultra-competitive space, which forces extreme cost control. According to my friend a Goldman, it would be almost impossible to start a new competitor in his space. Schwab might be a better bogey.

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Re: Vanguard - The Anti-Goldman Culture

Post by Howard Donnelly » Mon Apr 02, 2012 8:59 pm

That is good. Thank you for posting it.

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Rob5TCP
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Re: Vanguard - The Anti-Goldman Culture

Post by Rob5TCP » Mon Apr 02, 2012 9:48 pm

Mel - that's why Vanguard is now the largest mutual fund company.

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family_doc
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Re: Vanguard - The Anti-Goldman Culture

Post by family_doc » Tue Apr 03, 2012 12:53 am

Great link, Mel.

Love the anecdote in the lunchroom of Vanguard w/ JB

family_doc

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Mel Lindauer
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Re: Vanguard - The Anti-Goldman Culture

Post by Mel Lindauer » Tue Apr 03, 2012 7:05 am

family_doc wrote:Great link, Mel.

Love the anecdote in the lunchroom of Vanguard w/ JB

family_doc
Yes, I've actually had the pleasure of having lunch with Jack in the lunchroom at Vanguard (it's called "The Galley" in keeping with Vanguard's nautical theme). There's no executive section or room; everyone eats at the same place. You just find an empty seat and sit wherever, regardless of your position at Vanguard. So they do, indeed, walk the walk.
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Re: Vanguard - The Anti-Goldman Culture

Post by specabecca » Tue Apr 03, 2012 7:44 am

I enjoyed the read, as well as hearing about your personal experience. Thanks Mel.

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Re: Vanguard - The Anti-Goldman Culture

Post by sschullo » Tue Apr 03, 2012 8:01 am

Rob5TCP wrote:Mel - that's why Vanguard is now the largest mutual fund company.
1.6 trillion and counting!
Public School K-12 Educators: "Ask NOT what your annuity sales person can do for you, ask what you can do to be a Do-It-Yourselfer (DIY)."

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Re: Vanguard - The Anti-Goldman Culture

Post by ProfessorX » Tue Apr 03, 2012 3:26 pm

Great article. Thanks for posting it.

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Re: Vanguard - The Anti-Goldman Culture

Post by Rajsx » Tue Apr 03, 2012 6:11 pm

This was the topic discussed on Orlando Bogleheads Chapter last week . Indeed a good read, I am happy I am with Vanguard.



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