The Bogle Effect

Description

The index fund wouldn’t be jack without Jack.

Jack Bogle didn’t invent indexing, but he brought the best innovation in the history of investing to the masses when he founded The Vanguard Group in 1974. His even more radical innovation? To make the investors the owners of the new fund company. The idea—a fund company for the people and by the people—not only saved his job, it disrupted an entire industry. Over the ensuing 45 years, Vanguard’s unique structure has lowered the cost of investing cent by cent and saved its investors trillions of dollars.

Today, the lion’s share every dollar invested in America goes to either Vanguard funds or Vanguard-influenced funds. But Bogle’s impact 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 readers through each of these worlds to show how they—and the investors they serve—are being reshaped. And even after all these years, the revolution is just getting started.

You will never look at the financial industry or your portfolio the same way again.

Back to Top

Find The Bogle Effect at other Vendors

Amazon Barnes & Noble Books-a-Million IndieBound Indigo Bookshop

Back to Top

About the Author

Eric  Balchunas

Eric Balchunas is Senior ETF Analyst at Bloomberg Intelligence, where he leads the ETF and passive fund research and contributes to Bloomberg Opinion. He is a frequent speaker at industry events and conferences, as well as the co-creator of the Bloomberg podcast Trillions and Bloomberg TV’s ETF IQ. Eric is author of The Institutional ETF Toolbox. He lives in Philadelphia with his wife and two boys.

Connect with Eric

Go to the Author Page

Back to Top

Publication Details