Vanguard and Amazon

Yesterday Vanguard crossed $4 trillon in assets for the first time:

If Vanguard was a public company the stock would be at all time highs today. Every hedge fund would be short declaring it was a great business with crappy margins. Analysts would have called Vanguard overvalued the last 10 years.

Vanguard is the AWS (Amazon) of gathering assets.

Tonight though, Vanguard’s website is down:

Just one more reason to own Amazon.

Disclosure – Long $AMZN and $SCHW (Schwab has long been my proxy for Vanguard).

Also published on Medium.