The Battle for the Soul of Capitalism
How the Financial System Underminded Social Ideals, Damaged Trust in the Markets, Robbed Investors of Trillions - and What to Do About It
by John C. Bogle · first published 2005
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Rise to Globalism by Stephen Ambrose and Doug Brinkley is an adequate precis of US ascent to global power, which IMHO contains the seeds of its demise. The Battle for the Soul of Capitalism, The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns by John Bogle is the economic/fiscal/investing perspective I align with at the "non-billionaire"…
on “Ask HN: Are We in a Bubble?” ↗…interesting philosophical questions very quickly this way). John C. Bogle has written angrily at length about this many times in the past. I don't know enough to say whether I agree with him or not, but "The Battle for the Soul of Capitalism" was a fun read. He basically pushes forward his thesis that many problems related to corporations and corruption have to do with a transition from "shareholder capitalism" to "manager capitalism". I…
on “Google Will Eat Itself” ↗John C. Bogle, the founder of Vanguard (mentioned in the article) wrote a book called "The battle for the soul of capitalism" [1] where he describes his motivation to found Vanguard. In summary he sees that funds managers add little value but extract too much money from risk takers (=investors) and thereby turn capitalism up…
on “Asset Managers: The tide turns” ↗From John C. Bogle, the founder of Vanguard, the thesis of his book: "The Battle for the Soul of Capitalism"
on “The Future of Enterprise Software: I Am So Scared, I Am So Excited” ↗