alt Hacker NewsSo if I invest my meager peasant earnings in Vanguard funds, my holdings are considered equally as important as the Rockefellers?
And it was the solving of this alignment problem that attracted all the Rockefellers, Whitneys, Vanderbilts, etc to Vanguard? So they're not insiders, just big customers with no relationship to the firm itself.
Most very wealthy individuals (not sure your examples fit this group) do not use Vanguard. They are more likely to use private wealth management. I feel like you actually have no idea what you are talking about?