YouSaid · the spoken record

Rodney Comegys

lines on the record
57
first
2026-04-20
most recent
2026-04-20
sittings or episodes
1
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podcast

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  1. “It was the Vanguard case study that resonated, and it's the Vanguard story that resonated. Andre had wrote in a case about Vanguard and Tim Buckley had actually worked on it, who became our chief investment officer in a venture, our CEO here at Vanguard. You read the case and you go, this is an organization that is owned by its shareholders, for its shareholders, and returns its value back when it grows by lowering its fees. That's a really great outcome. You could already see it. We were in the early days the choice of the direct investor, those that were interested in saving costs. By the time I got here, we were almost 25 years into the history. We'd already driven expensive ratios down. We had democratized investing or the start of it. We were the first place you could really go to direct rather than through an advisor. The fees at the time were probably on average 30 basis points. The industry was probably 100 basis points. We were still...”

    2026-04-20 · Capital Allocators · Rodney Comegys – The Mechanics of Indexing at Vanguard (EP.498) · IDENTIFIED FROM THE TRANSCRIPT · source

  2. “No, I want to get out of the Navy. I want to go to law school. We have a gentleman in the engine room with me probably joined the submarine force 18, 19 year old sailor who I saw him go back to school. He ended up being a judge in Wisconsin. Those are the types of stories of how to treat people. Business school on the other side, especially for those that hadn't managed people, was often an academic exercise. Every case that had too much cost in it was lay the people off. The military guys would go, who's going to do actually do the work? How's that going to affect your morale? There's clearly a balance between those things because sometimes you do have to do the layoffs. You do have to do the hard things in business. That balance is what I learned and could see between and betwixt between them.”

    2026-04-20 · Capital Allocators · Rodney Comegys – The Mechanics of Indexing at Vanguard (EP.498) · IDENTIFIED FROM THE TRANSCRIPT · source

  3. “What I saw in the Navy was the human aspect of it. Young sailors at the time on a submarine, it was all male today. It's integrated men and women. They were 18-year-old kids who were really smart. Often the Navy had high standards to join a submarine, but they might not have the right opportunities. They were not fortunate enough to get an NRTC scholarship to pen. They also had real world issues. children with developmental needs, learning needs, they had a spouse. might be going through a divorce. I've learned from Captain Holland how to balance the need for excellence and results. We were gone from home 70% of the time. I was on board with the need to care about the human beings. Anywhere from what's the issue of today that you're trying to do with at home to what do you want to do when you get done in the Navy? Do you want to re-enlist and do 25 years and get a Navy pension? In our case, we had young sailors who said,”

    2026-04-20 · Capital Allocators · Rodney Comegys – The Mechanics of Indexing at Vanguard (EP.498) · IDENTIFIED FROM THE TRANSCRIPT · source

  4. “From there, I went to business school at HBS, where I met you for the first time. Part of the reason I went to business. One of our professors, Andre Parole, introduced me to Tim Buckley and Jack Brennan, and the rest is history.”

    2026-04-20 · Capital Allocators · Rodney Comegys – The Mechanics of Indexing at Vanguard (EP.498) · IDENTIFIED FROM THE TRANSCRIPT · source

  5. “Been a heck of a 25 years since I joined Radhaw Business School. I grew up in a small town in Delaware. My parents didn't go to college. My mom took a job at the University of Delaware as a secretary so that I could get free tuition to the University of Delaware. I got exposed to some folks who were looking at other schools. I was fortunate enough to get into the University of Pennsylvania, but it was a little bit too pricey for my parents. I looked and remembered that I enjoyed my dad's stories from the Navy. I put the two things together a chance to go to Penn with a Navy Rotzi scholarship, which paid the pennition and got me to go to a great school where I studied engineering and then I owed the Navy five years of service, which I turned into six and a half on a submarine out of Graden, Connecticut. That was a fantastic experience where I got to see a little bit of the world. I got to see some great leaders and learn about leaders.”

    2026-04-20 · Capital Allocators · Rodney Comegys – The Mechanics of Indexing at Vanguard (EP.498) · IDENTIFIED FROM THE TRANSCRIPT · source

  6. “You've increased your universe about 50%. You've taken that exposure down by about half by global market cap weighting the globe. And he add in bonds.”

    2026-04-20 · Capital Allocators · Rodney Comegys – The Mechanics of Indexing at Vanguard (EP.498) · IDENTIFIED FROM THE TRANSCRIPT · source

  7. “There's the original concept of indexing, which is capture as much of the world's investment universe as possible, and you put it into a total market fund. For those, you're just trying to get from the largest security in the U.S. to the smallest one that you can invest in. What you're looking for there is all the securities that are equities, and then you're thinking, are they liquid enough and available enough for us to invest in? Then you include them all. That's the simplest version of indexing. And we do that all around the globe. 30% of the S&P 500 is made up by seven companies. The S&P 500 should not be your benchmark nor your portfolio. If you do that, you're exposed only to U.S. large cap companies, 500 securities, any investor wants diversification needs to add small cap securities in, but total market solution, you need global securities. By the time you're done with that,”

    2026-04-20 · Capital Allocators · Rodney Comegys – The Mechanics of Indexing at Vanguard (EP.498) · IDENTIFIED FROM THE TRANSCRIPT · source