Vanguard Taking in $2 Billion a Day in New Cash

Vanguard achieved a record-breaking quarter with $121 billion in new assets, marking a 46% increase from their previous best. This growth, if sustained, could lead to nearly half a trillion in new cash by year-end. The success is attributed to a tipping point in their low-cost strategy, bolstered by Warren Buffett's endorsement. Vanguard's dominance extends to actively managed funds, posing a challenge to competitors in the industry.

What role did Warren Buffett's endorsement play in Vanguard's recent success?

In what ways has Vanguard established itself as a low-cost provider in the asset management industry?