Latest published articles

The Followers

When Confucius left Lu at 54 to wander around China looking for work, he didn’t go alone. He had a squad. These guys gave up their jobs and families to follow their teacher into a super uncertain future.

Bogle on Fund Structure: Why Vanguard Is Built Different

Book: Common Sense on Mutual Funds: Fully Updated 10th Anniversary Edition by John C. Bogle ISBN: 978-0-470-59748-4


Most investors have no idea how their fund company is organized. They pick a fund, send their money, and assume someone responsible is handling things on the other end. And honestly, that’s understandable. Fund structure sounds like the most boring topic in all of investing.

Return to Lu

When Confucius got back to his home state of Lu around 515 BC, the vibes were… not great. The Duke was still in exile, and three powerful families (the Jisun, Mengsun, and Shusun) were basically running a shadow government.

Early Career and Teachings

Imagine being a genius but having to work in a grain warehouse. That was Confucius in his 20s. He started out as a low-level civil servant, making sure the rice and millet didn’t get moldy. Later, he got promoted to managing herds of sheep and oxen. He wasn’t too proud for the “lowly skills”—he just made sure the animals were fat and healthy and moved on.