Coming Soon: The ETF Story - podcast episode cover

Coming Soon: The ETF Story

Oct 19, 20182 min
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Episode description

The creation story of the first exchange-traded fund is actually the best way to understand how they work. And it's not just educational, it's entertaining. Like the PC and the MP3, the story of the creation of SPY -- which turned 30 this year -- is full of characters, twists and turns, and subplots. In the end, the product launched an industry that's reshaping not just investing but the entire financial ecosystem. This six-episode miniseries will weave together interviews with the founding fathers and other key players that help investors better understand the ETF and how we got here.

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Transcript

Speaker 1

He just walked me through sort of your thoughts on what happened on Black Monday? How long do you have? Almost like are we at the apocalypse? Oppressed this right now? To understand the E t F you really have to go all the way back to Black Monday and the eight seven crash. How old the stock market and the economy reacted the worst day ever on Wallfree? What can and should be done? Now? Hi, I'm Joel Webber, and this is Trillions presents the E t F Story, or

will be introducing you to the people. And he's kind of a shocks on us. So between the sort of young and hungry academic type and this sort of like older figure, it was kind of a Batman and Robin type relationship and retracing the events. So as he tells the story, he gets back on the train then fix the three things and got on the next train to stay three basically asked us to clear out of the room, and I did, And and who who called the White House?

I'm not really a celebrity to say that. Eventually, so it wasn't just the idea, it was the patients involved in getting this product through spy. The filing sat with the SEC for four and a half years. The whole culture had changed, led to the creation of a trillion dollar industry. Can you imagine a world without the e t F any longer? No? Probably not. Trillions presents the E t F story starting October

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