Evidence receipt / belief
Published · transcript-backedBen Gilbert: belief
18 May 2026 Acquired Vanguard
“I think Costco thus far has been the most correct analogy that this is Costco on steroids, but it's also something else that was also an Acquired episode.”
Source trail
Everything needed to verify it.
- Speaker
- Ben Gilbert
- Attribution
- Verified speaker
- Claim type
- belief
- Recorded
- 18 May 2026
- Publisher
- Acquired
- Episode
- Vanguard
Transcript context
…Finance is like software where it can scale basically infinitely once it overcomes its early fixed cost base. Yep. Huge operating leverage. I did think of one other Jack Bogle-like character who built a Vanguard-like thing. And I'm curious if the thought crossed your mind too. I think Costco thus far has been the most correct analogy that this is Costco on steroids, but it's also something else that was also an Acquired episode. Oh, wow.…
Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.