Listen and read

Step into an infinite world of stories

  • Read and listen as much as you want
  • Over 1 million titles
  • Exclusive titles + Storytel Originals
  • 7 days free trial, then €9.99/month
  • Easy to cancel anytime
Subscribe Now
Details page - Device banner - 894x1036
Cover for Summary of John C. Bogle's Enough

Summary of John C. Bogle's Enough

Language
English
Format
Category

Economy & Business

Please note: This is a companion version & not the original book.

Book Preview:

#1 The financial system takes from society, and the more it takes, the less the investor earns. The more the financial system takes from you, the less you have. The investor feeds at the bottom of the food chain of investing.

#2 The financial sector, which was booming at the time, began to crumble in 2007. The industry was led by Citigroup and investment banks Merrill Lynch and Bear Stearns, who created risky, reckless, and costly debt instruments.

#3 The financial sector has dominated the American economy and stock market, and has been responsible for a large portion of the SP 500 company’s earnings. The clients of the banking firms have lost billions of dollars in risky debt obligations, yet investment banking executives continue to be paid at high levels.

#4 The recent financial crisis has shown the compensation of three well-publicized financial sector CEOs who failed their clients and their shareholders. Charles Prince, CEO of Citigroup, took office in October 2003, with Citigroup stock selling at $47 per share. While the bank did well for a few more years, it created a highly risky investment portfolio that fell to pieces within five years.

© 2022 IRB Media (Ebook): 9781669379058

Release date

Ebook: March 29, 2022

Others also enjoyed ...

This is why you’ll love Storytel

  • Listen and read without limits

  • 800 000+ stories in 40 languages

  • Kids Mode (child-safe environment)

  • Cancel anytime

Unlimited stories, anytime

Unlimited

Listen and read as much as you want

9.99 € /month
7 days for free
  • 1 account

  • Unlimited Access

  • Offline Mode

  • Kids Mode

  • Cancel anytime

Try now