Bogleheads® Conference 2023 - A talk with Gerard O'Reilly, Mgr, Vanguard Ttl Stock Market Index Fund

Rick Ferri interviews Gerard O'Reilly, who oversees the Vanguard Total Stock Market Index Fund. They discuss the challenges of running a trillion-dollar portfolio with thousands of different stocks.
Chapters:
0:00 Introduction of Gerard O'Reilly
7:58 Hired at Vanguard
10:29 Vanguard Total Stock Market Index Fund
12:08 ETF tax-efficiency
17:30 Changing the tracked index
20:40 Handling smaller, non-liquid stocks
23:50 IPOs
28:15 Use of Futures
31:15 Typical day managing VTI
35:24 Responding to critics of indexing
38:48 Index funds' portion of overall market trading
41:15 Trading international stocks
43:02 Awareness of other major traders
45:34 Value-added strategies while indexing
Recorded on October 14, 2023.
The complete Bogleheads 2023 Conference Proceedings can be found at boglecenter.net/2023conference/
Bogleheads University 2023 is split into two tracks: Bogleheads 101 Investing Fundamentals and Bogleheads 501 Advanced Topics.
The Bogleheads University Courses can be found at boglecenter.net/bogleheads-un.... Slides and transcripts are also available.
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