\n<\/p>\n
A few years ago, I was put in charge of Bogleheads 101 at the annual Bogleheads Conference. The point of Bogleheads 101 was for people relatively new to Bogleheads to show up a little early and get up to speed on the basics of personal finance and especially investing so they could understand the remainder of the conference. We figured some relatively small percentage of attendees would come.<\/p>\n
What actually happened was that everybody came. Basically, the conference just started early. Well, the next year we divided up that \u201cpre-day\u201d into Bogleheads 101 and Bogleheads 501 in an effort to maintain that opportunity for new people to get up to speed while giving the finance nerds an extra day of conference, too. We’ve kept that going each year. In 2025, there was a movement to add more \u201cinteresting\u201d material on the 101 side, which meant we had to compress the material we had traditionally been using for 101 into a single lecture.<\/p>\n
Guess who had to give the lecture? Here it is:<\/p>\n