MI Rewind: The Bogle Effect w/ Eric Balchunas
The Intrinsic Value Podcast - The Investor’s Podcast Network
Vanguard Expansion and the Rise of Bitcoin ETFs
The chapter explores Vanguard's expansion into wealth management and potential ventures in private equity and cryptocurrency. It also delves into the impact of a spot Bitcoin ETF on transaction fees, market dynamics, and regulatory actions in the cryptocurrency industry, emphasizing the competitive implications and investor interest.
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.
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