This podcast episode explores the career journey of Greg Davis, the Chief Investment Officer at Vanguard Group, and the evolution of Vanguard over the past 24 years. It delves into Vanguard's approach to managing index funds and its emphasis on discipline and innovation. The episode also discusses the performance evaluation of active teams and the enduring value of Vanguard's products. It highlights the recent shift in the investment landscape towards money market funds and the potential impact of rising interest rates. The podcast raises questions about the valuation gap between US stocks and international stocks and the risks associated with market timing and speculation. It also touches on the Fed's inflation target and the importance of ransomware preparedness for finance leaders. The episode concludes with recommendations for streaming, early mentors, and books for those interested in asset management or finance.
