Battle for the Soul of Capitalism Audiobook By John C. Bogle cover art

Battle for the Soul of Capitalism

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Battle for the Soul of Capitalism

By: John C. Bogle
Narrated by: Stefan Rudnicki
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About this listen

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 50 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 explains much more than what went wrong. More important, it tells us why we lost our way and how we can right our course. The specific reforms Bogle advances are practical and essential, and he includes recommendations for assuring that investors receive their fair share of financial-market returns.

©2005 John C. Bogle (P)2006 Audio Evolution, LLC
Economics Investing & Trading Personal Finance Business
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Critic reviews

"When John Bogle, a 50-year veteran in financial services, says capitalism is in trouble, there is only one proper reaction. You listen....Remarkably well read and logical, Bogle is meticulous in supporting his thesis that our brand of capitalism is failing because of a shift of power away from owners." (USA Today)

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A very interesting book that shines light on Wall Street's dirty little secret. They are skimming off billions of dollars through small fees charged to investors in mutual funds. The reason they can get away with this is that fund ownership is so disperse, individual investors have no control. Ownership has been divorced from management. If you invest in a mutual fund, you ought to read this book.

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