November 4, 2011
To Principals and Veterans:
Three items that may be of interest:
Next Monday and Tuesday (and possibly Wednesday), CBS Evening News will present excerpts from a group interview yesterday on the problems facing America, our nation’s challenges and our hopes. The interview was conducted by new anchor Scott Pelley (moving over from “60 Minutes”). He did, I thought, a really outstanding job. I was honored to be part of the ten-person panel – a diverse group of citizens of various ages, genders, races, and backgrounds. If you happen to catch any of the shows, I’d be interested in your reaction.
Last Friday, Michael Smerconish wrote a generous column in The Philadelphia Inquirer, discussing my reaction to the “Occupy Wall Street” movement and its many aspects. In case you missed it, a copy is attached. (Not sure about being called a “patrician.”)
Virtually every day, I receive complimentary letters about Vanguard and my long career. I couldn’t possibly circulate all of them, but I just received a very special one. It comes from James Grant, publisher of Grant’s Interest Rate Observer and host of a well-attended and prestigious semi-annual forum for senior money managers. Their reaction to Jim’s interview with me was truly remarkable. He describes it in his lovely letter, also attached.
Thanks to you all for doing the exceptional work you do. Happily, much of it continues to reflect on me.