Episode 2 of Bogleheads on Investing features an insightful interview with Dr. David Blitzer, Managing Director and Chairman of the Index Committee at S&P Dow Jones Indices (S&P DJI) with overall responsibility for index security selection, as well as index analysis and management.
In this episode, Dr. Blitzer discusses how S&P and Dow Jones came together under one name to become S&P Dow Jones Indices. He talks about the way securities are selected for the Dow Jones Industrial Average and S&P 500, and how stocks are categorized based on Global Industry Classification Standard (GICS). Dr. Blitzer also explores how the indexing industry changed as index investing became popular. Last, he comments on the difficulties active managers have in outperforming S&P Dow Jones Indices.
Prior to becoming Chairman of the Index Committee, Dr. Blitzer was Standard & Poor’s Chief Economist. Before joining Standard & Poor’s, he was Corporate Economist at The McGraw-Hill Companies (now S&P Global), S&P DJI’s parent corporation.
The podcast is available at Bogleheads on Investing Podcast.
The list below features future guests who have agreed to be interviewed. The guests are presented in no particular order:
- Tim Buckley (CEO Vanguard)
- Jonathan Clements (Humble Dollar)
- Christine Benz (Morningstar)
- Alan Roth (Wealth Logic)
- Bill Bernstein (Efficient Frontier)
- Gus Sauter (Vanguard – Retired)
- Wes Gray (Alpha Architect)
- Mel Lindauer ( Bogleheads)
- Dan Egan (Betterment)
- Joel Dickson (Vanguard)
- Jason Zweig (WSJ – TBD)