[Applause] President Steve Knapp: Well, good afternoon. I think the students here may know who I am but for those who are watching the broadcast, I’m Steve Knapp, President of George Washington University. And it’s really a pleasure to welcome you to today’s first class in the series entitled Reflections on the Federal Reserve and
No. Sell! Sell! Oh. Hey, I’m David Gborie and I’m kicking ass. You know why? Because I never went to college. Let me break it down for you. In America, student loan debt totals over 1.2 trillion dollars. Like 70 percent of students are leaving college with some type of debt. Racks on racks on
Grant Williams: He offers ways to avoid getting trapped in what he calls the ETF Vortex. Steve Bregman: Jack Bogle, the founder of Vanguard Group, who as– I don’t know his precise age, he might be near 90 now– is very active. And he speaks and writes– Which is ironic in itself, I guess. Yes.
STUDENT 1: I have approximately $60,000 in student debt. STUDENT 2: I’m feeling little bit of anxiety about it, little bit of—there is going to be a lot of work towards paying that down. STUDENT 3: It’s pretty overwhelming to have all this debt, trying to plan for the future in general. PROFESSOR LIN: College
GRANT WILLIAMS: The implications for this are just so broad, because everybody owns ETFs. From the lowliest retail investor who just has a couple of thousand bucks in the stock market, I guarantee he’s in an ETF unless he’s inherited shares from— STEVE BREGMAN: This is now the mode of investing. But up to active
(upbeat music) – We really believe that if you are smart enough and talented enough to get into Yale that we need to do everything in our power to make this an affordable experience for you and your family. – There’s an information gap about the affordability at Yale. The University has put more than
So today we wanted to talk…the idea was to talk about insurance and it’s a very old idea. In fact, in some sense it even is used by animals, non-human animals. If they share risks, then it’s some kind of insurance maybe. So it’s very basic. And I think you have some idea of really