WEBVTT - Welcome to Trillions

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<v Speaker 1>Welcome to Trillions, a podcast about the exchange traded fund

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<v Speaker 1>which you probably know as the e t F. My

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<v Speaker 1>name is Joel Wober and I'm Eric Alstis. I'm the

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<v Speaker 1>editor of Bloomberg Markets magazine, and I'm an analyst with

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<v Speaker 1>Bloomberg Intelligence, and we're starting a podcast about e t

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<v Speaker 1>F and how they become such a powerful investing tool. Wait,

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<v Speaker 1>e t what come on, Joel, You know what an

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<v Speaker 1>e t F is? An exchange traded fund. That's true.

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<v Speaker 1>I know a little bit, but I don't know as

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<v Speaker 1>much as you. Yeah, I basically spend every waking minute, thinking, writing,

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<v Speaker 1>reading about e t f s. But the problem even

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<v Speaker 1>for me is it's really easy to over complicate this stuff.

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<v Speaker 1>So we're gonna keep things simple and at the same

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<v Speaker 1>time we'll be able to give people who already use

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<v Speaker 1>ETFs a few nuggets too. It will be a little

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<v Speaker 1>bit like a Pixar movie. Kids get something, Mom and

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<v Speaker 1>Dad get something. Yeah, we want you to have a

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<v Speaker 1>lot of useful information about e t f s, like

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<v Speaker 1>how they work, how to pick them, how they can

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<v Speaker 1>help you as an investor, and what to be wary of.

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<v Speaker 1>And what makes this podcast unique is that We're going

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<v Speaker 1>to try and make this topic that feels really daunting

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<v Speaker 1>to the average investor a little bit more accessible. Yeah,

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<v Speaker 1>this show will be something that a financial advisor might

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<v Speaker 1>benefit from, but in a language that my mom can understand.

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<v Speaker 1>The bottom line is that for many people, E t

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<v Speaker 1>f s are like another planet, and Joel and I

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<v Speaker 1>are going to be like your intergalactic tour guides. And

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<v Speaker 1>to make this topic fun, we're going to use a

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<v Speaker 1>little bit of everything underisposal, some really curate guess, a

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<v Speaker 1>lot of metaphors of humor, and probably way too many

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<v Speaker 1>eighties references. Maybe some from the nineties as well, and

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<v Speaker 1>two thousand's but not many. I'm also going to try

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<v Speaker 1>and eat something on every show, why because that's sort

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<v Speaker 1>of like what e t f s are doing in finance,

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<v Speaker 1>eating everything. So look out for our first episode of

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<v Speaker 1>this great new et F podcast on Novem