Jack Bogle is one of the greatest financiers of the modern era…
He founded the Vanguard Group in 1974 and has since contributed to the financial well-being and security of millions of people.
His secret is a carefully formed belief that the best performance will come from index funds that return their enhanced value, virtually in full, to investor-owners.
We really like Jack as his values mirror our own, as his life and life’s work are built on a bedrock of integrity, transparency, simplicity, and value, much like our own.
His book ‘Enough’ is his take on finance, business, and life, citing what he believes is wrong with the financial markets and how he’d fixed them, so they are fair to all.
But more than this, he goes into the fundamental workings of organisations, highlighting their emphasis on making more money at their customers and employees’ expense.
Detailing why organisations should put their customers and employees first.
Saying a major flaw is how corporate CEOs are given stock options, which drives them to increase the organisations stock value at any cost, which in the past has led to serious accounting irregularities, such as in the case of Enron, WorldCom, and Tyco.
Overall, if you’re interested in the financial markets and how corporate organisations operate in relation to these markets, you should read this book.
‘Enough’ gets a thumbs up & 5 stars.
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…thank you & see you next week.