Barry Ritholtz, Columnist

Meet the Man Who Is Going to Run Vanguard

The asset manager said Tim Buckley would become CEO in 2018, replacing Bill McNabb. Here are his answers to a few questions.

July 25, 2017 at 2:15 PM UTC

By Barry Ritholtz

Barry Ritholtz is a former Bloomberg Opinion columnist. He is chairman and chief investment officer of Ritholtz Wealth Management, and was previously chief market strategist at Maxim Group. He is the author of “Bailout Nation.”

Not much for extravagances.
Photographer: Mike Mergen/Bloomberg

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Earlier this month, Vanguard Group Inc. said that William McNabb, chief executive officer and chairman, would step down as CEO at the start of 2018. McNabb, who will remain chairman and focus on international growth for the world’s second-largest asset manager, will be succeeded by Tim Buckley.

I was curious about Tim Buckley, who will be just the fourth person to serve as Vanguard’s CEO, and thought you might be as well. So I sent him questions via email, covering everything from exchange-traded funds, technology, active management, price discovery, costs, robo-advisers, the investment outlook, and even humility. What follows are his lightly edited answers.