Eric Balchunas on the Vanguard Effect

Masters in Business

Bloomberg

Business, Entrepreneurship, Investing

4.4 • 2.2K Ratings

🗓️ 26 August 2022

⏱️ 102 minutes

🔗️ Recording | iTunes | RSS

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Summary

Bloomberg Radio host Barry Ritholtz speaks with Eric Balchunas, a senior ETF analyst at Bloomberg Intelligence who has more than a decade of experience working with ETF data, designing new functions and writing ETF research for the Bloomberg Terminal. Balchunas also contributes articles, feature stories and blog posts on ETFs for Bloomberg.com and appears each week on Bloomberg TV and Bloomberg Radio to discuss ETFs. His latest book is "The Bogle Effect: How John Bogle and Vanguard Turned Wall Street Inside Out and Saved Investors Trillions."

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0:00.0	What does it take to truly disrupt an industry? How do you overcome the fear of failure?
0:06.3	When is it time to take a risk? I am Bob Pittman, Chairman and CEO of I Heart Media, and these
0:12.3	are the kind of questions we explore on my podcast, Math and Magic, Stories from the Frontiers
0:17.8	of Market. This season I sit down with some of the most unique thinkers to swap lessons
0:23.5	and stories on making our work bigger and better. We'll hear from business leaders like
0:28.6	Christian Joel, Global CEO of Group M. It's really important behavior people realize it's
0:33.8	okay to fail and it comes out of Silicon Valley. They'll fast, get smarter quick.
0:38.3	Susie Deering, CMO for Motor Company. We are at that moment when it all changes and I
0:43.7	think that a big part of the why we're at that moment is because of the F-150 Lightning.
0:48.1	It changed everything. Steve Cooper, CEO of Warner Music Group. Technology is like an
0:54.9	Apple Lounge. You either get out in front of it or it's just going to bury you. Listen to
1:01.1	Math and Magic on our very own free I Heart Radio app, Apple Podcast, or wherever you get your
1:06.8	podcast. This is Masters in Business with Barry Redholz on Bloomberg Radio. This week on
1:19.0	the podcast, hey, guess what? I have an extra special guest. Eric Bouchunis is someone I've
1:24.9	known from both the ETF industry and Bloomberg for, I don't know, a decade or two and we
1:32.2	hang out in a lot of the same circles. There are few people in the world who know as much
1:39.3	about ETFs indexing Vanguard Jack Bogle. I mean, I could count them on one hand. The number
1:46.7	of people who have his depth of knowledge in this space and that's why he's really a fascinating
1:53.6	character. You could tell when you listen to this conversation that it's two guys who know
1:59.4	each other just BS-ing and schmoozing, but I find those to be some of the best conversations
2:04.6	because there's no pretense, there's no marketing. It's just people talking about things
2:10.5	that genuinely interest them and when I basically don't get to have my questions because we're
	...

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