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Eric Balchunas: Assessing Jack Bogle's Monumental Legacy

The author and financial analyst talks about his new book, The Bogle Effect, in which he chronicles the Vanguard founder's personal and professional journey and the impact he had on investors during his fabled career.

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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 Bloomberg ETF IQ and the podcast Trillions and is also a mainstay of social media under his popular Twitter account @EricBalchunas. Balchunas is also an accomplished author, his latest book being The Bogle Effect: How John Bogle and Vanguard Turned Wall Street Inside Out and Saved Investors Trillions, which we devote this episode to discussing. He earned his bachelor's degree in journalism and environmental economics from Rutgers University.

Background

Bio

Twitter: @EricBalchunas

The Bogle Effect: How John Bogle and Vanguard Turned Wall Street Inside Out and Saved Investors Trillions

Vanguard: The Early Years

"Inside 'The Bogle Effect'," Trillions podcast, Bloomberg.com, April 27, 2022.

"Investor Jack Bogle Founded His Legendary Company Based on His Princeton Senior Thesis," by Veronika Kero, cnbc.com, Jan. 17, 2019.

"How the Index Fund Was Born," by John C. Bogle, The Wall Street Journal, Sept. 3, 2011.

"Challenge to Judgment," by Paul A. Samuelson, The Journal of Portfolio Management, Fall 1974.

"Q&A With Jack Bogle: "We're in the Middle of a Revolution'," by Michael Regan, Bloomberg.com, Nov. 23, 2016.

Gus Sauter

Ted Aronson

Michael Lewis

Jason Zweig

"Investing Legend Jack Bogle Says There's a Big Problem With Index Funds," by Sergei Klebnikov, money.com, Nov. 30, 2018.

Bogle's Books

Stay the Course: The Story of Vanguard and the Index Revolution, by John C. Bogle

The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns, by John C. Bogle

Enough: True Measures of Money, Business, and Life, by John C. Bogle

Character Counts: The Creation and Building of The Vanguard Group, by John C. Bogle

Other

"Sheryl Garrett: 'The Industry Thought I Was Nuts'," The Long View podcast, Morningstar.com, July 17, 2019.

"Michael Kitces: The Model Has to Change Again," The Long View podcast, Morningstar.com, June 5, 2019.

"Rick Ferri: 'There Are No Average Investors'," The Long View podcast, Morningstar.com, July 3, 2019.

"Gus Sauter: Efficient Markets Are a Good Thing," The Long View podcast, Morningstar.com, Dec. 4, 2019.

"Jack Brennan: Price Pressure in the Advice Business 'Is Inevitable'," The Long View podcast, Morningstar.com, June 23, 2021.

"Jason Zweig: Temperament Is Everything for Most Investors," The Long View podcast, Morningstar.com, June 29, 2021.