Is Vanguard Too Big?
Founder Jack Bogle says there are good and bad sides to having become a colossus and that leadership needs to keep the firm's values intact.
Note: This video is part six of nine of an interview between Morningstar's Christine Benz and Jack Bogle, founder of Vanguard, at the 2018 Bogleheads conference. Watch the other segments here.
Christine Benz: Another question I'd like to have you touch on is, is Vanguard too big as a firm? Because it really has been quite popular over the past couple of years in particular, where the flows have been tremendous.