He’s low on fees, big on diversification and gives straight talk on the simple way to invest. In this episode, Pam sits down with John C. Bogle, founder of Vanguard mutual funds and one of the most respected investment experts around, to talk about why his style of investing still works well for small investors.

Bogle, who created the first index fund, is renowned for his criticism of high fees and stock market shenanigans, and he tells Pam how he thinks investing rules need to change. Our regular financial commentator Ben Stein also gives his take on Wall Street, and how its playing with dynamite affected the financial prospects of an entire generation.

In Scam Alert, a sad story about a scheme involving forged accounting, a fake suicide and a $400-million fraud. In one of the biggest hedge-fund frauds in history, Sam Israel created investing strategies so arcane that everyone lost their shirts. He was sentenced to 20 years but faked his death and sparked a month-long manhunt nationwide.