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The Former CEO of Vanguard Has Some Surprising Views on Alternatives

Sponsored Jack Brennan wasn’t surprised by the meteoric rise and fall of GameStop stock earlier this year, which sent ripples through the market and ensnared hedge funds and other institutions. As the former chairman and CEO of Vanguard got closer to publishing a new version of his famous treatise on investing, including how to avoid the worst mistakes, individual investors were piling into the stock, in part to drive up the price and inflict damage on hedge funds that were betting on the game retailer’s fall. “History repeats itself,” Brennan told Institutional Investor. “One of the most important things as investors is you can’t get swept up in today’s noise.”

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