MI Rewind: The Bogle Effect w/ Eric Balchunas

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Education, Investing, Business

4.6 • 592 Ratings

🗓️ 14 June 2024

⏱️ 63 minutes

🔗️ Recording | iTunes | RSS

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Summary

Clay Finck chats with Eric Balchunas about what an ETF is and why it’s a popular investment tool among retail investors, how Vangaurd was originally created after Bogle was ousted out of his own company, why Vanguard’s business model was so successful at attracting new investors, Eric’s thoughts on a potential index fund bubble, how Vanguard is disrupting the financial services industry, Eric’s thoughts around the effects of a Bitcoin ETF in the future, and much more! IN THIS EPISODE, YOU’LL LEARN 00:00 - Intro 02:29 - What an ETF is and why it’s a popular investment tool among retail investors. 08:20 - How investors can parce through the thousands of ETFs available to determine which make most sense to them. 12:40 - How Vanguard was originally created after Bogle was ousted out of his own company. 19:09 - Why Vanguard’s business model was so successful at attracting new investors. 19:09 - Why other companies haven’t followed the Vanguard playbook. 31:20 - What drove Bogle to pass on almost all profits to investors through Vanguard. 37:10 - Eric’s thoughts on a potential index fund bubble. 42:07 - How Vanguard is disrupting the financial services industry. 52:35 - Eric’s thoughts around the potential Bitcoin ETF. And much, much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. Check out Eric’s book, The Bogle Effect. Check out Bloomberg’s podcast, Trillions. Bloomberg’s show, Bloomberg ETF IQ. Check out the books mentioned in the podcast here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok. Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle's favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Fiscal.AI Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

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0:00.0	You're listening to TIP.
0:02.2	Hey guys, on today's show, we're resharing some of my favorite episodes from the past for a few reasons. First, we get a lot of new listeners each week, so new listeners may never have heard this episode before. Two, even if you've been listening for a while, you may have missed it when it first came out. And three, even if you've heard it before, it can be a great episode to reinforce your learning.
0:21.6	If you're not interested in this episode, no worries you can pick back up with us next week with a brand new episode.
0:27.5	Everything going forward is from the original episode, and I hope you guys enjoy this one.
0:31.3	He said that we'll know Vanguard's mission has begun to create a better world for investors when our market share starts to erode.
0:38.4	And again, I found that really wild because can you find anywhere else in the history of
0:43.0	asset management, if not business, where the CEO tells the staff, our market share eroding
0:48.2	would be like good and it would create a better world.
0:54.6	On today's episode, I'm joined by the ETF expert, Eric Balchunas.
0:59.9	Eric is a senior ETF analyst at Bloomberg Intelligence, where he leads the ETF and
1:04.8	passive fund research and contributes to Bloomberg opinion.
1:08.3	He is a frequent speaker at industry events and conferences, as well as the
1:11.9	co-creator of the Bloomberg podcast, Trillions, and Bloomberg TV's ETF IQ. Eric also just released
1:18.9	his new book, The Bogle Effect, which uncovers how John Bogle and Vanguard turned Wall Street
1:23.9	inside out and saved investors trillions. During the episode, I chat with Eric about
1:29.1	what an ETF is and why it's such a popular investment tool amongst retail investors,
1:33.8	how Vanguard was originally created after Bogle was ousted out of his own company,
1:38.5	why Vanguard's business model was so successful at attracting new investors, Eric's thoughts on a
1:43.6	potential index fund bubble? How
1:45.6	Vanguard is disrupting the financial services industry? Eric's thoughts around the effects of a Bitcoin
1:51.2	ETF in the future, and much more. Vanguard is just an incredible company that has pioneered the way
1:57.1	for everyday investors to utilize ETFs to build long-term wealth. Just over the past 10 years,
	...

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