Summary: This podcast could be titled "fighting for the last half percent" or "Vanguard active vs. Vanguard passive." It compares three Vanguard Value funds, including the very famous Windsor Fund. Paul shows how and why, over the long term, the index funds wear down the competition. He discusses the seldom mentioned after-tax returns of funds, and why Vanguard continues to offer funds that are not likely to beat the indexs. This podcast is followed by a comparison of the Vanguard Value Index Fund and the Dimensional Large Cap Value Fund.
