And so the way I think about it is, adding color music is like adding color to a portfolio. It's here.īut at the end of the day, it's about making every one of those things your own. You want something like international equities? You know, you got a right here.Īnd sometimes you need some fixed income to really balance out your portfolio. So you want access to big broad US market stocks at the core of your portfolio like every song you ever played? You can build a portfolio that meets your needs by combining a whole different set of ETF and index exposures.
The ETF and index investments are really a transformative technology that gave people access to build portfolios to all the things that hadn't been there before. For me, actually that has an awful lot in common with the ETF and index business. What was special, was when you took a new technology, like the electric guitar, and combined it with those five notes and allowed people to make their own sounds that connected with the world in an ultimately, just differentiated way. There's nothing really special about those five notes. Every great rock, pop and blues song that's ever been written has its foundation in something that we call the pentatonic scale. The two have more in common than you might think. And I love American rock guitar and rock, pop and blues, and I love investing. I am always trying to find ways to fuse things that I'm passionate about.
