Eric Balchunas: Assessing Jack Bogle's Monumental Legacy

<p>Our guest this week is Eric Balchunas, who is a senior exchange-traded fund analyst for Bloomberg Intelligence, where he writes for and leads the fund research team. Balchunas is a fixture in financial media. He hosts the TV show <i>Bloomberg ETF IQ</i> and the podcast <i>Trillions</i> and is also a mainstay of social media under his popular Twitter account @EricBalchunas. Balchunas is also an accomplished author, his latest book being <i>The Bogle Effect: How John Bogle and Vanguard Turned Wall Street Inside Out and Saved Investors Trillions</i>, which we devote this episode to discussing. He earned his bachelor's degree in journalism and environmental economics from Rutgers University.</p><h2>Background</h2><p><a href="https://www.linkedin.com/in/ericbalchunas/" target="_blank">Bio</a></p><p>Twitter: <a href="https://twitter.com/ericbalchunas" target="_blank">@EricBalchunas</a></p><p><a href="https://www.amazon.com/Bogle-Effect-Vanguard-Investors-Trillions/dp/1637740719/ref=tmm_hrd_swatch_0?_encoding=UTF8&qid=1652985672&sr=1-1" target="_blank"><i>The Bogle Effect: How John Bogle and Vanguard Turned Wall Street Inside Out and Saved Investors Trillions</i></a></p><h2>Vanguard: The Early Years</h2><p>"<a href="https://www.bloomberg.com/news/audio/2022-04-27/inside-the-bogle-effect-podcast" target="_blank">Inside 'The Bogle Effect'</a>," <i>Trillions</i> podcast, Bloomberg.com, April 27, 2022.</p><p>"<a href="https://www.cnbc.com/2019/01/17/investor-jack-bogle-founded-company-based-on-princeton-senior-thesis.html" target="_blank">Investor Jack Bogle Founded His Legendary Company Based on His Princeton Senior Thesis</a>," by Veronika Kero, cnbc.com, Jan. 17, 2019.</p><p>"<a href="https://www.wsj.com/articles/SB10001424053111904583204576544681577401622" target="_blank">How the Index Fund Was Born</a>," by John C. Bogle, <i>The Wall Street Journal</i>, Sept. 3, 2011.</p><p>"<a href="https://jpm.pm-research.com/content/1/1/17" target="_blank">Challenge to Judgment</a>," by Paul A. Samuelson, <i>The Journal of Portfo