Yesterday Vanguard crossed $4 trillon in assets for the first time:
Vanguard. From $1 trillion to $4 trillion in AUM in less than 10 years. 💯 https://t.co/WOYHRscg61
— Pierce Crosby (@CrosbyVentures) February 17, 2017
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:
No one was actively managing it. https://t.co/y22EJPDnQT
— Eddy Elfenbein (@EddyElfenbein) February 18, 2017
Just one more reason to own Amazon.
Disclosure – Long $AMZN and $SCHW (Schwab has long been my proxy for Vanguard).
Also published on Medium.