MI167: The Bogle Effect w/ Eric Balchunas

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Investing, Education, Business

4.6 • 592 Ratings

🗓️ 12 May 2022

⏱️ 62 minutes

🔗️ Recording | iTunes | RSS

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Summary

IN THIS EPISODE, YOU’LL LEARN: 02:29 - What an ETF is and why it’s a popular investment tool among retail investors. 08:20 - How investors can parse through the thousands of ETFs available to determine which makes the most sense to them. 15:44 - 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. 26:16 - Why other companies haven’t followed the Vanguard playbook. 34:22 - What drove Bogle to pass on almost all profits to investors through Vanguard. 37:10 - Eric’s thoughts on a potential index fund bubble. 46:07 - How Vanguard is disrupting the financial services industry. 50:02 - 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. Robert and Clay’s tool for picking stock winners and managing our portfolios: TIP Finance. Related episode: MI024: Boglehead And Index Investing W/ Rick Ferri. Related episode: MI041: The Simple Path To Wealth W/ JL Collins. Get a FREE audiobook from Audible. Check out our Investing Starter Packs about business and finance. SPONSORS Support our free podcast by supporting our sponsors: Fiscal.AI Read this episode’s transcript and full show notes on our website. Connect with Eric: Book | LinkedIn | Twitter Connect with Clay: Twitter HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! 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 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.
0:02.7	He said that we'll know Vanguard's mission has begun to create a better world for investors
0:07.5	when our market share starts to erode.
0:09.7	And again, I found that really wild because can you find anywhere else in the history of
0:14.3	asset management, if not business, where the CEO tells the staff our market share eroding
0:19.6	would be like good and it would create a better
0:22.2	world.
0:25.9	On today's episode, I'm joined by the ETF expert, Eric Balchunas.
0:31.2	Eric is a senior ETF analyst at Bloomberg Intelligence, where he leads the ETF and passive
0:36.4	fund research and contributes to Bloomberg
0:38.5	opinion.
0:39.6	He is a frequent speaker at industry events and conferences, as well as the co-creator of the
0:44.2	Bloomberg podcast, Trillions, and Bloomberg TV's ETF IQ.
0:49.1	Eric also just released his new book, The Bogle Effect, which uncovers how John Bogle and
0:53.7	Vanguard turned
0:54.7	Wall Street inside out and saved investors trillions. During the episode, I chat with Eric about
1:00.4	what an ETF is and why it's such a popular investment tool amongst retail investors,
1:05.2	how Vanguard was originally created after Bogle was ousted out of his own company,
1:09.8	why Vanguard's business model was so successful
1:12.0	at attracting new investors? Eric's thoughts on a potential index fund bubble? How Vanguard is
1:17.6	disrupting the financial services industry? Eric's thoughts around the effects of a Bitcoin
1:22.4	ETF in the future and much more. Vanguard is just an incredible company that has pioneered the way for everyday investors
	...

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