Bogleheads® Conference 2023 - A talk with Gerard O'Reilly, Mgr, Vanguard Ttl Stock Market Index Fund
Channel: Bogleheads
Date: 23/12/2023

Rick Ferri interviews Gerard O'Reilly, who oversees the Vanguard Total Stock Market Index Fund. They discuss the challenges of running a trillion-dollar portfolio with thousands of different stocks.

Chapters:
0:00 Introduction of Gerard O'Reilly
7:58 Hired at Vanguard
10:29 Vanguard Total Stock Market Index Fund
12:08 ETF tax-efficiency
17:30 Changing the tracked index
20:40 Handling smaller, non-liquid stocks
23:50 IPOs
28:15 Use of Futures
31:15 Typical day managing VTI
35:24 Responding to critics of indexing
38:48 Index funds' portion of overall market trading
41:15 Trading international stocks
43:02 Awareness of other major traders
45:34 Value-added strategies while indexing

Recorded on October 14, 2023.

The complete Bogleheads 2023 Conference Proceedings can be found at https://boglecenter.net/2023conference/

Bogleheads University 2023 is split into two tracks: Bogleheads 101 Investing Fundamentals and Bogleheads 501 Advanced Topics. 

The Bogleheads University Courses can be found at https://boglecenter.net/bogleheads-university/. Slides and transcripts are also available.

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