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Heard a bit of this on the radio today (I love Sirius/XM public radio!) and wanted to hear the rest:
Vanguard Founder John Bogle: ‘Stop Looking For The Next Apple — Buy Widely And Hold For Life’ | Here & Now
He's pretty feisty for someone half his age and is really annoyed at how the financial industry is making money for themselves at the expense of the rest of us. Here's a quote from the interview: "Bogle crunched the numbers for Here and Now’s Robin Young to show that active buying and selling of stocks leads to high costs and fees that over a lifetime eat up two thirds of what people earn from their investments. Bogle says the old advice, “buy and hold for life” is still best because the numbers show it works."
Has anyone read his new book “The Clash of the Cultures: Investment vs. Speculation,”?? I think I'll put in a request at the library for it.
Vanguard Founder John Bogle: ‘Stop Looking For The Next Apple — Buy Widely And Hold For Life’ | Here & Now
He's pretty feisty for someone half his age and is really annoyed at how the financial industry is making money for themselves at the expense of the rest of us. Here's a quote from the interview: "Bogle crunched the numbers for Here and Now’s Robin Young to show that active buying and selling of stocks leads to high costs and fees that over a lifetime eat up two thirds of what people earn from their investments. Bogle says the old advice, “buy and hold for life” is still best because the numbers show it works."
Has anyone read his new book “The Clash of the Cultures: Investment vs. Speculation,”?? I think I'll put in a request at the library for it.