This book is a comprehensive guide for institutional investors to understand and utilize ETFs. It provides data-driven explanations backed by real-world market examples and insights from leading practitioners. The book covers the advantages and growth of ETFs, their current and future uses, and strategic and tactical perspectives for effective ETF usage. It also addresses major concerns surrounding ETFs, such as due diligence, cost, liquidity, risk, and structure. The book helps investors understand how to perform effective due diligence, utilize ETFs for various investment strategies, and avoid unwanted costs and complexities.
The Bogle Effect delves into the impact of John Bogle and Vanguard on the financial industry. Bogle's radical idea in 1975 to make investors the owners of his new fund company led to a virtuous cycle of lowering costs, which ultimately saved investors trillions of dollars. The book explores how Bogle's innovations extended beyond index funds into areas such as active management, ETFs, the advisory world, quantitative investing, ESG, behavioral finance, and trading platforms. It also examines why no other fund provider has replicated Vanguard's mutual ownership structure and highlights Bogle's unique character and influence on the industry[2][3][4].
Today on The Milk Road Show, we are joined by Bloomberg's senior ETF analyst, Eric Balchunas. We're exploring the future of Litecoin, Solana, and Dogecoin ETFs. Will they ever see the light of day, and what effect could it have on price? And for all you degens out there chasing memecoin moonshots, we're sharing wisdom from the legendary investor Jack Bogle on how to cultivate long-term wealth by thinking like a gardener, not a gambler.
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📚 Helpful Resources 📚
The Bogle Effect: How John Bogle and Vanguard Turned Wall Street Inside Out and Saved Investors Trillions
The Institutional ETF Toolbox: How Institutions Can Understand and Utilize the Fast-Growing World of ETFs
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📺 Recommended Watching 📺
2025 Crypto Investment Thesis: How to Capture Fundamentals and Pumpamentals w/ Ryan Watkins
https://youtu.be/kLTw4kvZrZ8
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🎙 GUEST INFO 🎙
Eric Balchunas: https://x.com/EricBalchunas
Bloomberg: https://x.com/Bloomberg
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⏱ TIME POINTS ⏱
00:00 - Intro
01:45 - Will the strategic Bitcoin reserve happen in 2025?
08:32 - Will retail buy more ETFs or onchain?
15:01 - Will institutions buy more ETFs or onchain?
20:11 - What is the current list of crypto ETF applications?
29:44 - Eric's thoughts on Ethereum ETFs
35:12 - The impact of ETFs on price
38:31 - Are there innovations like staking coming as ETFs?
41:36 - What can investors learn from Jack Bogle?
📃 Disclaimer 📃
The information presented in this video is for educational and informational purposes only. It should not be considered as financial, legal, or tax advice. The views and opinions expressed by the speakers, are their own and do not constitute professional advice. Investing in cryptocurrencies carries significant risks, including the potential for substantial losses. Viewers should consult with a qualified financial professional before making any investment decisions.
The Milk Road Show 
