Jan 20, 2022
Episode 184: Robin Wigglesworth: Unpacking and
Episode 184: Show Notes.
We have often spoken about the
book Trillions on the show, and in today's
episode, we are lucky enough to interview the author, Robin
Wigglesworth. We get to speak to Robin about his book and some of
its central and most interesting ideas, while touching on other
subjects too. Listeners will definitely come away with some
enriched perspective, and hearing Robin's thoughtful and articulate
answers was an absolute pleasure for us. Our guest is also the
Global Financial Correspondent for the Financial Times, with his
contributions to the publication being well worth keeping up with.
After distilling some of the history of index investing, Mac
McQuown, Jack Bogle, and the building blocks of what we do here at
the Rational Reminder, Robin is generous enough to also comment on
crypto, tech disruption, private equity, ESG investing, and more.
This episode ties in so well with previous conversations we have
had and Robin's dedication to his craft as a financial writer is
truly inspiring, join us to hear it all.
Key Points From This Episode:
- Simple reasons for why index funds are the best option for
- Tracing the roots of the culture of stock picking.
- The initial intellectual push that the idea of index fund
received from Wells Fargo. [0:10:44.4]
- Touching on some of the important yet lesser-known characters
in the history. [0:15:05.8]
- Robin unpacks the evolution that Jack Bogle went through in the
- Jack Bogle's real superpower and getting to grips with the
essence of his philosophy. [0:22:33.4]
- The important relationship between Dimension and Vanguard.
- Differentiating between factor investing and total mark
- Robin's thoughts on where we are currently with an imaginary
- Reasons for Jack Bogle's decision to avoid embracing ETFs early
- Why Robin stands by the idea that markets are not efficient.
- The impact of bond ETFs on the future of the market.
- Concerns around proxy votes at bigger asset managers.
- Some thoughts from Robin about ESG investing and its value.
- The skepticism that Robin still holds about cryptocurrency and
its disruptive characteristics. [0:57:45.2]
- The example of Albania that Robin has used in his book to
illustrate a point about crypto. [1:02:47.6]
- Looking at the trend towards private equity in the financial
- Robin's own definition of success: the feeling of doing a good