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benjaminklick

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投稿

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1 ポイント·投稿者 benjaminklick·3 か月前·0 コメント

Blockchain Social Media

ristforever.com
3 ポイント·投稿者 benjaminklick·4 か月前·2 コメント

Jack Bogle would hate what Vanguard has become

ristforever.com
25 ポイント·投稿者 benjaminklick·4 か月前·27 コメント

J Epstein Perma Twitter

2 ポイント·投稿者 benjaminklick·4 か月前·2 コメント

コメント

benjaminklick
·4 か月前·議論
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 か月前·議論
Damn, what?! I didn't know the UK rates were higher. But yeah the old Vanguard brand that Bogle built is strong.
benjaminklick
·4 か月前·議論
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 か月前·議論
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 か月前·議論
It's high risk. Sure, if active funds succeed. But active funds fail more often than they succeed.
benjaminklick
·4 か月前·議論
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 か月前·議論
Absolutely. Fidelity has been closer to Vanguard's historical reputation than Vanguard itself in recent years.
benjaminklick
·4 か月前·議論
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 か月前·議論
rist.pages.dev wouldn't go in link due to two dots, sorry.
benjaminklick
·4 か月前·議論
Literally everybody just cheats with AI