John “Jack” Bogle Weighs In On The ETF Explosion

He is the father of the index fund, true master mind of the market. Jack bogle, senior chairman and founder of the Vanguard group sat down with CNBC to discuss the impact of the ETF boom on market volatility.

One juicy bit from the interview: “An ETF is an index fund you can trade all day long in realtime. When you think about that, that’s the way they were advertised. What kind of idiot would want to do that?”

See the full CNBC interview below:

Related ETFs: (NYSE:SPY), (NYSE:SLV), (NYSE:FAZ), (NYSE:FAS)

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