Workhappy … the Mind Bogles
Workhappy.net blends with finds like Venture Voice's podcast interview with John Bogle and Vitamin, a collection of rock stars providing clear and helpful information, training and advice. Also includes happy things that may be of interest to readers.
The interview with Bogle, founder of the first index fund, is fascinating:
…the invester put up 100% of the capital, took 100% of the risk and ended up with 21% of the return – shocking. And the financial system, which put up 0% of the capital and took 0% of the risk ended up with 79% of the return.
Bogle is the founder of Vanguard Mutual and author of Battle for the Soul of Capitalism. He calls (reluctantly) for Federal oversight oversight of the financial industry as the modern, stock-renting investor applies none.
Do yourself a potentially million dollar favor and give a listen to John Bogle of The Vanguard Group.
