Vanguard CEO: People are blurring the lines between investing and gambling
Salim Ramji runs the only client-owned investment company in the United States, with 56 million clients. He tells Brian Sozzi the biggest problem in the investment landscape right now is not valuations or concentration, it is that a third of 25-year-olds sit outside the traditional system on betting platforms, prediction markets and crypto, and that Vanguard’s own surveys find 80% of them doing it because they believe it is a fast track to financial success. He also says one in three Vanguard clients already asks a large language model for financial advice and most of them do not trust the answer. Figures are his and Vanguard’s own.
Featuring:
Salim Ramji, Chief Executive Officer, Vanguard
Brian Sozzi, Executive Editor, Yahoo Finance
Watch the full day of Yahoo Finance Invest: https://youtube.com/live/rAYVxDJYeAc
Timestamps
0:00 One word for Vanguard, and what has changed in almost three years
2:43 What Jack Bogle would say about seven stocks driving the index
3:59 How well diversified are investors, really?
5:34 The third of 25-year-olds who are outside the system
7:08 “You have better odds in Las Vegas”, and how you get people off the platforms
10:13 One in three clients already asks an AI for advice
11:28 Why trading is a cost, and the haystack
13:35 The risk he thinks the market is underpricing for 2027
14:45 Nobody talked about money at his table either
#Vanguard #Investing #PredictionMarkets #YahooFinance
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