Would a young Jack Bogle have waited for a second marshmallow?

Episode 30 | Published: 2026-06-15

Would a young Jack Bogle have waited for a second marshmallow? thumbnail

Clips from the MMT podcast featuring Cory Doctorow and Patricia Pino and my highlights from the excellent recent episode of Acquired on Vanguard.

Chapters

Doctorow on marshmallows

Doctorow on marshmallows

00:00:00 - 00:06:06

Cory Doctorow summarising the Stanford marshmallow experiment.

Patricia Pino launching the MMT UK Policy Research Group

Patricia Pino launching the MMT UK Policy Research Group

00:06:07 - 00:11:09

Patricia Pino launching the MMT UK Policy Research Group and giving a talk on her publication of the Job Guarantee research papers.

Why is mutual ownership not more common?

Why is mutual ownership not more common?

00:11:10 - 00:15:37

How many other opportunities are there to mutualise ownership?

In private markets the assets have to pick you back

In private markets the assets have to pick you back

00:15:38 - 00:17:10

As private markets grow and swallow up all of the returns will Vanguard, index funds in general and even the public markets still be able to offer regular investors a place to grow their wealth?

Zero profit

Zero profit

00:17:11 - 00:18:28

It is incredible how just a single person deciding not to maximise profits can have such a beneficial impact on so many people.