How the financial system undermined social ideals, damaged trust in the markets, robbed investors of trillions--and what to do about it.
There is no one better qualified to tell us about the failures of the American financial system and the grotesque abuses that have taken place in recent years than John C. Bogle, founder and former chief executive of the Vanguard mutual fund group. This legendary mutual fund pioneer has witnessed firsthand the innermost workings of the financial industry for more than fifty years and has set the standards for sound investment strategies and stewardship. Bogle's prudent advocacy of the rights of individual investors began with his 1951 Princeton University thesis on the fund industry, and he continues to champion the restoration of integrity in industry practices today. An astute observer, he knows that a trustworthy business and financial complex is essential to America's continuing leadership in the world and to economic and social progress at home. This audiobook tells much more than the story about what went wrong. More important, it tells why we lost our way and how we can right our course. The specific reforms Bogle advances in this program are practical and essential, his recommendations for assuring that investors receive their fair share of financial market returns.
