Acquired

Podbit · Acquired

Vanguard

Explore episode May 18, 2026
Business
How Vanguard Transferred $1 Trillion from Wall Street to Main Street

Vanguard · May 18, 2026 Business

Vanguard's mutual ownership structure — where investors in its funds literally own the firm — made low fees not just a strategy but an inevitability. Since 1975, this has shifted roughly $500 billion directly to investors, and competitive pressure forced another $500 billion in industry-wide savings. Jack Bogle never took a cent of it.

Similar podbits

Business
Standing Army vs. Moving Parade

The Most Important Questions Of Our Time - George Mack - #1… · Jul 16, 2026 Business

You think your audience has seen everything you've made. They haven't. David Ogilvy's 'standing army vs. moving parade' insight is that your audience is always rotating — the person who just found your work today has seen none of what came before. Henry Ford's team had to stop him from retiring an ad before it even ran.

Business
Negative Cash Flow Cycles and Why George Finds Them Sexier Than You'd Think

The Most Important Questions Of Our Time - George Mack - #1… · Jul 16, 2026 Business

A negative cash flow conversion cycle — where a company collects payment before it has to pay its suppliers — is one of the most powerful structural advantages in e-commerce. George once talked about Gymshark's version of this at a bar in Manchester and watched a group of women slowly back away.

Business
Why Intel Lost Its Edge: The Death of Technical Leadership

Former Intel CEO on What Went Wrong, What's Next + Lovable … · Jul 15, 2026 Business

Intel's decline wasn't about bad luck — it was structural. When technical founders gave way to finance-driven business leaders, every major investment decision started running through a spreadsheet instead of an engineering vision. The result: no new factories for a decade, no EUV machines, and $100B returned to shareholders instead of compounded into the future.

Business
Coopetition and the Art of Rapid Experimentation

Former Intel CEO on What Went Wrong, What's Next + Lovable … · Jul 15, 2026 Business

When Jason's team built two separate intranets in Japan and the US without coordinating, he worried they'd diverged. Anton said: that's the right approach. At CERN, Anton witnessed isolated teams working on the same particle accelerator publish separately to avoid anchoring bias — free markets work by competition, not consensus. Now that building is cheap, running parallel experiments beats planning a single perfect product.

Business
China Posts Slowest Growth in Three Years

NPR News: 07-15-2026 7AM EDT · Jul 15, 2026 Business

China's economy grew just over 4% in Q2 2026, the slowest pace in more than three years. While export booms in AI goods and electric vehicles offered partial support, youth unemployment and weak domestic demand exposed deep structural cracks — and Beijing's own target is now the least ambitious since 1991.