IN THIS EPISODE, YOU’LL LEARN: 02:29 - What an ETF is and why it’s a popular investment tool among retail investors.08:20 - How investors can parse through the thousands of ETFs available to determine which makes the most sense to them.15:44 - 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.26:16 - Why other companies haven’t followed the Vanguard playbook.34:22 - What drove Bogle to pass on almost all profits to investors through Vanguard.37:10 - Eric’s thoughts on a potential index fund bubble.46:07 - How Vanguard is disrupting the financial services industry.50:02 - Eric’s thoughts around the potential Bitcoin ETF.And much, much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.EPISODE RESOURCESCheck out Eric’s book, The Bogle Effect.Check out Bloomberg’s podcast, Trillions.Bloomberg’s show, Bloomberg ETF IQ.Robert and Clay’s tool for picking stock winners and managing our portfolios: TIP Finance.Related episode: MI024: Boglehead And Index Investing W/ Rick Ferri.Related episode: MI041: The Simple Path To Wealth W/ JL Collins.Get a FREE audiobook from Audible.Check out our Investing Starter Packs about business and finance.Support our free podcast by supporting our sponsors. Find Pros & Fair Pricing for Any Home Project for Free with Angi.Enjoy a simple, good tasting supplement that truly improves your health with Field of Greens! Get 15% off your first order and get another 10% off when you subscribe for recurring order with the promo code MILLENNIAL.Protect your family with Fabric Insurance's term life insurance now, in just 10 minutes.Have a business checking that’s built for you, will go the distance with you, and admires your brave - Novo. The Investor’s Podcast Network listeners get access to over $5,000 in perks and discounts.Tell mom how much you love her—and make sure she hears it in crystal-clear audio quality, with Raycon.The interval fund, a breakthrough innovation. Only at Mackenzie.Balancing opportunity and risk? The golden answer can be literally gold! Start your investment journey today with Perth Mint.Design is already in your hands with Canva. Start designing for free today.Get insights on how to plan for your financial goals with The Globe and Mail. Listeners get a special digital subscription rate for unrestricted access to everything. Read this episode’s transcript and full show notes on our website.Connect with Eric: Book | LinkedIn | TwitterConnect with Clay: Twitter See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.