Joel Dickson
Joel Dickson
cost largest single taxes
Taxes are the single largest cost for shareholders.
evolution natural talked vanguard
This is a natural evolution of what we have long talked about at Vanguard -- that costs, broadly defined, are important in assessing funds' returns.
buying people worry
I worry that people are just buying performance.
situation
You have to take each situation individually, ... Don't make a knee-jerk reaction.