This podcast episode explores the transformative influence of Vanguard and its founder, John C. Bogle, on the investment industry, detailing how Vanguard's low-fee approach and introduction of index funds reshaped investor behavior and generated significant cost savings. It further examines the rise of ETFs as an efficient investment vehicle, comparing them to modern conveniences that provide flexibility and lower costs, ultimately reinforcing the positive trend of reducing fees within the investment landscape.