The Bogle Effect, Eric Balchunas
The Bogle Effect, Eric Balchunas
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The Bogle Effect
How John Bogle and Vanguard Turned Wall Street Inside Out and Saved Investors Trillions

Author: Eric Balchunas

Narrator: Mike Lenz

Unabridged: 10 hr 33 min

Format: Digital Audiobook Download

Publisher: Tantor Media

Published: 04/26/2022

Synopsis

The index fund was just one innovation fueled by The Vanguard Group founder Jack Bogle's radical idea in 1975 to make investors the actual owners of his new fund company. The end result was powerful: a fund company for the people and by the people.

But Bogle's impact and this "great cost migration" reaches well beyond index funds into many other areas, such as active management, ETFs, the advisory world, quantitative investing, ESG, behavioral finance, and even trading platforms. The Bogle Effect takes listeners through each of these worlds to show how they—and the investors they serve—are being reshaped and reformed.

While hundreds of fund providers have copied the index fund that Vanguard made popular no one is yet to copy its "mutual" ownership structure. Why? This book explores what made Bogle such an anomaly—seemingly immune to the overwhelming magnet of ambition that dictates Wall Street.

The Bogle Effect is animated by the author's hours of one-on-one, exclusive interviews with Bogle in the years before he passed, which reveal his philosophy, vision, intellect, and humor.

About Eric Balchunas

Eric Balchunas is senior ETF analyst at Bloomberg Intelligence, where he leads the ETF and passive fund research. He and his team write several notes a week for the Bloomberg terminal, which total over a million reads per year. Eric is also cohost of a weekly Bloomberg TV show called "ETF IQ" which gets 83,000 views per episode. He is also cohost of the Bloomberg podcast Trillions, which gets 32,000 downloads per episode. He is also the author of The Institutional ETF Toolbox as well as an occasional contributor to Bloomberg Opinion.

Eric is a frequent speaker at industry events and conferences. He typically gives the ETF State of the Union or moderates panels on trends in the ETF market to all kinds of audiences from institutions, to advisors to DIY retail investors. In addition to outside conferences, Eric is also frequently asked to speak at internal events both at Bloomberg as well as companies like Blackrock, State Street, and Vanguard. Eric is popular on social media with over 30,000 Twitter followers and 5000+ LinkedIn connections and frequently makes "most influential" lists. Many of his Twitter followers include influential people from the financial media, such as Bloomberg, WSJ, CNBC, Financial Times, and Barron's. In addition, many of his followers are advisors, consultants, and ETF issuers both big and small.

Reviews

Goodreads review by Kevin on September 14, 2024

It’s an educational read and hits on various important topics but (in my humble opinion) it was kind of repetitive and I had a hard time wanting to finish it.......more

Goodreads review by Jon on October 19, 2022

No man has done more for retail investors than Jack Bogle, yet it is other people in the finance industry, such as Warren Buffett, that get more attention and praise. Perhaps this is because WB is one of the richest investors of all time and people aspire to accumulate wealth like him. While Warren......more

Goodreads review by Drew on February 17, 2023

Eric Balchunas does an outstanding job explaining to his readers who John Bogle is and why he matters. If you know the Bogle name, you should read this book. If you have money in a 401k, 403b, a brokerage account or any other investment, you should read this book. Jack Bogle was an insider who thoug......more

Goodreads review by Austin on March 23, 2024

THE BOGLE EFFECT is a revelatory biography of the man who democratized finance for retail investors, Vanguard founder John Bogle. Author Eric Balchunas, a senior analyst at Bloomberg, covers the origins of Vanguard as an investment company, Bogle’s philosophy of engaging non-institutional money thro......more

Goodreads review by Dani on November 28, 2022

There just isn’t anyone like Jack Bogle. This book started out a little like a light biography, a little about Bogle with quotes peppered in from those who knew him well. But before you know it, it is diving into the issues that kept Bogle up at night - fees, active/passive management, ETFs, smart i......more

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