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benjaminklick

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1 points·by benjaminklick·3 bulan yang lalu·0 comments

Blockchain Social Media

ristforever.com
3 points·by benjaminklick·4 bulan yang lalu·2 comments

Jack Bogle would hate what Vanguard has become

ristforever.com
25 points·by benjaminklick·4 bulan yang lalu·27 comments

J Epstein Perma Twitter

2 points·by benjaminklick·4 bulan yang lalu·2 comments

comments

benjaminklick
·4 bulan yang lalu·discuss
A social media where posts are permanent. Edits are guarded against via cryptographic signature. Deletes are guarded against via chaining. I think, with identity verification, permanence massively increases the quality of discourse. Such identity verification will become necessary soon for everyone due to AI fraud, but at any rate, I think this app would be very useful to hold public figures to their words.
benjaminklick
·4 bulan yang lalu·discuss
Damn, what?! I didn't know the UK rates were higher. But yeah the old Vanguard brand that Bogle built is strong.
benjaminklick
·4 bulan yang lalu·discuss
Permanent summary of my thoughts here: https://ristforever.com/rist/ea70058d-ab78-45e7-81f9-b3a5dce...

You can be held to your words too!
benjaminklick
·4 bulan yang lalu·discuss
And what happens if active fails? Then passive would take the hit even though people go with Vanguard specifically for the low-risk passive.
benjaminklick
·4 bulan yang lalu·discuss
It's high risk. Sure, if active funds succeed. But active funds fail more often than they succeed.
benjaminklick
·4 bulan yang lalu·discuss
I mean even $100 annually compounds to be tens of thousands over a lifetime. Furthermore, Vanguard manages like almost 10 trillion so that ends up being nearly a billion extra extracted per year.

My main issue though is that Vanguard's brand is low-risk passive, but they are now selling high-risk active funds under that brand.
benjaminklick
·4 bulan yang lalu·discuss
Absolutely. Fidelity has been closer to Vanguard's historical reputation than Vanguard itself in recent years.
benjaminklick
·4 bulan yang lalu·discuss
Fair point. My thought is they are clearly spending money on tons of people they wouldn't have to if they were strictly passive. Presumably, if they didn't, the fees would be lower than they are now.
benjaminklick
·4 bulan yang lalu·discuss
rist.pages.dev wouldn't go in link due to two dots, sorry.
benjaminklick
·4 bulan yang lalu·discuss
Literally everybody just cheats with AI