RIP John Bogle (1929 – 2019), a highly effective class warrior:

"Vanguard has directly saved investors a total of $175 billion in fees... saved investors $140 billion in trading costs that would have provided nothing of value; saved outside investors $200 billion by forcing competitors to lower their fees to compete. Half a trillion dollars that would have gone to Wall Street motherfuckers for no good reason has instead gone to Joe and Jane Average investors & retirees"

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A Mastodon instance for maths people. The kind of people who make \(\pi z^2 \times a\) jokes.

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