Ep 8: Bill McNabb loves EBI


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Hello and welcome to the latest TEBI Podcast, brought to you by The Evidence-Based Investor, in conjunction with Regis Media. I’m Robin Powell, and you’ll find my blog at EvidenceInvestor.com. Now, we have a special treat for you this week, because our guest is none other than F. William McNabb. It was, coincidentally, at the very start of the global financial crisis in September 2008, that Bill McNabb became Chief Executive Officer and President at The Vanguard Group. I first met him in 2011, when I interviewed him for the online documentary Passive Investing: The Evidence. Since then, Vanguard has gone from strength to strength. For five consecutive years, Vanguard has been the world’s fastest-growing asset manager. Vanguard, which is based in Pennsylvania, attracted more than $315 billion of net new money last year, an increase of 23.2 per cent on 2015. I recently caught up with Bill and started by asking him about the two big political events of 2016 — Brexit and the election of Donald Trump. Interestingly, it turns out that Bill had a strong inkling all along that the British people would vote to leave the European Union.

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