founder of vanguard (first company to offer index funds)
here is a quote of his from the battle for the soul of capitalism
“We had become what Joseph Campbell called a ‘bottom-line society’. But our society came to measure the wrong bottom-line: form over substance, prestige over virtue, money over achievement, charisma over character, the ephemeral over the enduring…"
“Capitalism requires a structure and a value system that people believe in and can depend on. We do not need a Pollyannaish faith in the goodwill of mankind, but we do need the confidence that promises and commitments once made, will be kept. We also need assurances that the system as a whole does not unduly benefit some at the expense of others.” (Bogle, 2005)
I need to read that book
here is a quote of his from the battle for the soul of capitalism
“We had become what Joseph Campbell called a ‘bottom-line society’. But our society came to measure the wrong bottom-line: form over substance, prestige over virtue, money over achievement, charisma over character, the ephemeral over the enduring…"
“Capitalism requires a structure and a value system that people believe in and can depend on. We do not need a Pollyannaish faith in the goodwill of mankind, but we do need the confidence that promises and commitments once made, will be kept. We also need assurances that the system as a whole does not unduly benefit some at the expense of others.” (Bogle, 2005)
I need to read that book