OpEdNews » John Clifton Bogle, founder of Vanguard, on Financial Crisis

As John McCain runs around Red America at a time when his campaign ought to be assured of its own base, The Philadelphia Inquirer (online Sunday, October 19, 2008) reports some interesting remarks from John Clifton Bogle, the Verona, New Jersey-born and Blair Academy-educated founder of The Vanguard Group.

Constance Lavender is an HIV-Positive pseudonymous freelance e-journalist from a little isle off the coast of Jersey; New Jersey, that is...

In the Best spirit of Silence Dogood and Benj. Franklin, Ms. Lavender believes that a free country is premised on a free press.

Margaret Bassett is an 86-year old, currently living in senior housing, with a lifelong interest in political conumbrums. She hopes to hold out for one more presidential election. Bachelors from State University of Iowa (1944) and Masters from Roosevelt University (1975) help to unravel important requirements for modern communication. Early introduction to computer science (1966) trumps them. It's payback time. She's been "entitled" so long she hopes to find some good coming off the keyboa...

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Margaret BassettMargaret Bassett is an 86-year old, currently living in senior housing, with a lifelong interest in political conumbrums. She hopes to hold out for one more presidential election. Bachelors from State University of Iowa (1944) and Masters from Roosevelt University (1975) help to unravel important requirements for modern communication. Early introduction to computer science (1966) trumps them. It's payback time. She's been "entitled" so long she hopes to find some good coming off the keyboa...

to see more of bio, click on member name

Keep listening to Jack Bogle

Even though he's not active in day-to-day with Vanguard anymore, he remembers how things were when retail trade meant something on stock exchanges. As he's often said, there's no way an individual can understand the Dow now, because business is no longer run by owners but by managers. Managers work for the next quarter's bottom line, not for longterm good of the company.

by Margaret Bassett (38 articles, 2206 quicklinks, 30 diaries, 1501 comments) on Sunday, October 19, 2008 at 3:24:10 PM

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