Vanguard

It’s not often that anyone — much less an academic — writes a book that launches a revolution, but that’s exactly what Burton Malkiel did in 1973 when the Princeton economist published a short, potent book called A Random Walk Down Wall Street. As of 2023, the book is in its thirteenth edition. Malkiel famously insisted that “a blindfolded monkey throwing darts at the stock listings could select a portfolio that would do just as well as one selected by the experts,” and then he spent his entire career doing his best to prove that hypothesis.

A brave Edward Snowflake from the Vanguard Investment Management Group (over $6 trillion global assets under management!) has leaked us an image of the badge employees are asked to wear at the company so as to signal their LGBTQ+ allyship and opposition to 'white supremacy’. Confused? Let’s deconstruct this particular piece of Woke Heraldry, or ‘Flairs’ as Vanguard likes to call them. The pink triangle was once the tag used by the Nazis to identify gay men in the concentration camps and the green circle represents a ‘safe space’. Duh. Not too excited about displaying a symbol invented by literal Nazis? Tough. Silence is violence, don’t forget.