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This chapter delves into Vanguard's transformative role in the investing world under John Bogle's leadership, highlighting their market share approach and success. An ETF expert provides insights on Vanguard's origins, disruptive business model, potential Bitcoin ETF impact, and how Vanguard empowers retail investors to accumulate long-term wealth with over $7 trillion assets in 2020.

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

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Check out Eric’s book, The Bogle Effect.
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Bloomberg’s show, Bloomberg ETF IQ.
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