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MiB: Charlie Ellis on Vanguard’s Rules of Investing

The Big Picture

Ellis recalls that “Bogle was a force of nature” who created and honed the firm’s philosophy and culture of strong ethics. This is our third conversation with the finance legend (see 2015 and 2017 editions). But Ellis also points out that most of the firm’s growth took place after Bogle stepped down as CEO.

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The Bad Actors

The Irrelevant Investor

There is no way that Wells found the 14,000 least ethical financial advisors in the industry. million at the start of 2017, had been charged $128,000 in commissions that year — nearly 10 percent of its valu e, and about 10 times what many financial planners would charge to manage accounts that size.

Ethics 52
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When Should the New Yew York Department of Financial Services have Rehabilitated American Transit Insurance?

Aleph

In their 2018 MD&A, they said: “The Company has rejected the reports for December 31, 2018 and 2017 from its independent actuary. Actuaries are bright, and they have an ethics code that they have to follow. In the life insurance business, management teams can’t push around their appointed actuaries (at least not much).

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Psychology, Purpose, People: How Female Founders Are Building New Ventures

Brown Advisory

billion in venture funding in 2017—a healthy number but still just a small fraction of the $85 billion raised overall. She views failure due to negligence or poor ethics as totally within her control, and is comfortable with the idea of failure for other reasons. According to PitchBook, female-founded startups raised $10.5

Startup 52
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Psychology, Purpose, People: How Female Founders Are Building New Ventures

Brown Advisory

billion in venture funding in 2017—a healthy number but still just a small fraction of the $85 billion raised overall. She views failure due to negligence or poor ethics as totally within her control, and is comfortable with the idea of failure for other reasons. According to PitchBook, female-founded startups raised $10.5

Startup 52
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Know What You Own

Brown Advisory

Know What You Own achen Tue, 03/28/2017 - 14:26 Some Wal-Mart stores sell rifles, some Starbucks coffee shops sell alcohol, and GE builds engines for jet fighters and bombers. We help many of our clients align their portfolios with their values, and screening is one of the tools we employ to accomplish that alignment.

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Know What You Own

Brown Advisory

Tue, 03/28/2017 - 14:26. The filtering of companies involved in stem cell research and human cloning illustrates the nuance and ethical stakes that can come into play when building one’s portfolio. Know What You Own. Knowledge is Power.