John Bogle

John Bogle calls for regulatory reform to the investment business in a recent speech at the Roxbury Latin School. Bogle calls for federal laws that would demand fiduciary roles for investment managers: "The stock market casino has become a giant—and costly—distraction to the serious business of investing . Greed, recklessness, and self-interest ride in the saddle of today’s capitalism, and it is high time we undertake the necessary reform, with federal laws that demand the return of fiduciary...

A very good article discusses Vanguard Founder John Bogle's views and work on the retirement system in the United States. Bogle is a highly vocal critic of the status quo: "Our nation's system of retirement security is imperiled, headed for a serious train wreck.That wreck is not merely waiting to happen; we are running on a dangerous track that is leading directly to a serious crash that will disable major parts of our retirement system." There are some interesting and surprising statistics:...