I recently heard an interesting story on NPR about John Bogle. The former CEO of the Vanguard Group shares his feelings on the economy and life in his new book, Enough: The True Measure of Money, Business and Life. In this interview, he plugs his new book while sharing his thoughts about our society and economy.
Enough is more of Bogel's personal philosophy and reflections than financial advice. It's a book about America's character. He analyzes the American society and asks the major theme of his book, 'what is or should be enough in money, business, and in life'.
Recently Bogle saw what was going on in the financial system and was furious. He says that we pay Wall Street investors millions of dollars to invest our money. This has created a system that in his estimation puts an unreasonable amount of our resources into a segment of the society that doesn't produce anything.
He says that this is caused by an obsession with counting in our society. The problem with basing all of your decisions, status, and prestige on numbers, is that many of these numbers are doctored and misleading. Yet the truly important aspects of life can never really be counted.
I can look to my own experience to confirm his viewpoint. I've seen business do well, but mostly because of luck, only to be bitten in the end from their bad business practices. They failed to base and measure themselves founded on strong business principles. Instead, they just counted their money and lost it in the end.
Bogle places a high value on qualities that can't be counted, characteristics like honesty and ethics. He feels that how we spend our money may be more important than how much money we make. It's a unique thought for American society today.
Unfortunately, we live in a society that has been consumed by greed, and that greed has come back to plague us. It will continue to do so unless the majority of America starts to do what Bogel suggests in Enough. 'The only way to work our way through today's deep-seated problems is to return to values that stem from principle, virtue and character. - 15784
Enough is more of Bogel's personal philosophy and reflections than financial advice. It's a book about America's character. He analyzes the American society and asks the major theme of his book, 'what is or should be enough in money, business, and in life'.
Recently Bogle saw what was going on in the financial system and was furious. He says that we pay Wall Street investors millions of dollars to invest our money. This has created a system that in his estimation puts an unreasonable amount of our resources into a segment of the society that doesn't produce anything.
He says that this is caused by an obsession with counting in our society. The problem with basing all of your decisions, status, and prestige on numbers, is that many of these numbers are doctored and misleading. Yet the truly important aspects of life can never really be counted.
I can look to my own experience to confirm his viewpoint. I've seen business do well, but mostly because of luck, only to be bitten in the end from their bad business practices. They failed to base and measure themselves founded on strong business principles. Instead, they just counted their money and lost it in the end.
Bogle places a high value on qualities that can't be counted, characteristics like honesty and ethics. He feels that how we spend our money may be more important than how much money we make. It's a unique thought for American society today.
Unfortunately, we live in a society that has been consumed by greed, and that greed has come back to plague us. It will continue to do so unless the majority of America starts to do what Bogel suggests in Enough. 'The only way to work our way through today's deep-seated problems is to return to values that stem from principle, virtue and character. - 15784
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Kasey Morton writes extensively on a large range of topics. He writes on many subjects related to small businesses, marketing, movies, and insurance matters with a particular interest in nurse jobs and travel nursing jobs.