Tuesday, December 6, 2011

The Battle for the Soul of Capitalism

Just finished the audio-book version of, "The Battle for the Soul of Capitalism" by the great John C. Bogle (inventor of the first index fund and founder of the Vanguard Group of mutual funds).

I love Jack Bogle and recommend everything he has written, and
recommend everyone invest in Vanguard's index mutual funds.  If you love capitalism, but are like me and Jack and hate the current state of capitalism (I call it "CRAPitalism" in an earlier post), you will love Bogle's book "The Battle for the Soul of Capitalism."

Bogle identifies all of the problems with our current capital markets system and also provides suggestions for fixing these problems.  If only everyone on Wall Street  in Washington would read this book, maybe we could win this epic battle.

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