Tuesday, October 26, 2010

Shut Up and Manage Mutual Funds

This seems like a very dumb business decision on Vanguard's part. First, they seem to be adopting Obama's "you are stupid if you don't like my policies" schtick. Insulting your customers is never a winning strategy (in the case of politicians, it ought to be said again, that us voters ain't customers, we are employers, but the notion still holds). Second, the same way that most Americans want entertainers to cease preaching inane leftisms at us (I believe "shut up and sing" is the apt phrase here), I imagine they just want Vanguard to do what it does without the politicking, i.e. manage money.


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