QOTD: Vanguard Says Bring It

"As we continue to get scale, as we continue to grow and we get more efficient, we pass a large part of that back to our clients in the form of lower expenses. That’s not going to stop. If other people want to offer index funds, great. But you better be ready to keep lowering price, and we’re going to do it across every product."

- Tim Buckley, incoming Vanguard CEO

This is great news for us as investors. I love it.