I recently heard an interesting story on NPR about John Bogle. The former CEO of the Vanguard Group shares his feelings on the economy and life in his new book, Enough: The True Measure of Money, Business and Life. In this interview, he plugs his new book while sharing his thoughts about our society and economy.
Enough is more of Bogel's personal philosophy and reflections than financial advice. It's a book about America's character. He analyzes the American society and asks the major theme of his book, 'what is or should be enough in money, business, and in life'.
Bogle admits that the current financial system makes him furious. He says that we pay Wall Street investors far more money than they're worth. He states that we're essentially paying enormous sums of money to people who don't produce anything of value.
He also blames us for being a counting society. We put too much stock in the financial measurements, which are too often engineered to feed the company's wealth and power. He reminds us that it's the important things in life that can't be counted.
I have seen firsthand the problem of facing business issues, looking solely at the numbers I've seen business do well financially more out of luck, rather than through their own good business practices. And then when things go badly, they haven't built the correct business infrastructure to combat those challenges.
Beyond business, Bogus feels there's something to be said for building your life on honesty and ethics. America should strive for high quality of life, rather than trying to make more money than anyone can spend.
Unfortunately, we live in a society that has been consumed by greed, and that greed has come back to plague us. It will continue to do so unless the majority of America starts to do what Bogel suggests in Enough. 'The only way to work our way through today's deep-seated problems is to return to values that stem from principle, virtue and character.
Enough is more of Bogel's personal philosophy and reflections than financial advice. It's a book about America's character. He analyzes the American society and asks the major theme of his book, 'what is or should be enough in money, business, and in life'.
Bogle admits that the current financial system makes him furious. He says that we pay Wall Street investors far more money than they're worth. He states that we're essentially paying enormous sums of money to people who don't produce anything of value.
He also blames us for being a counting society. We put too much stock in the financial measurements, which are too often engineered to feed the company's wealth and power. He reminds us that it's the important things in life that can't be counted.
I have seen firsthand the problem of facing business issues, looking solely at the numbers I've seen business do well financially more out of luck, rather than through their own good business practices. And then when things go badly, they haven't built the correct business infrastructure to combat those challenges.
Beyond business, Bogus feels there's something to be said for building your life on honesty and ethics. America should strive for high quality of life, rather than trying to make more money than anyone can spend.
Unfortunately, we live in a society that has been consumed by greed, and that greed has come back to plague us. It will continue to do so unless the majority of America starts to do what Bogel suggests in Enough. 'The only way to work our way through today's deep-seated problems is to return to values that stem from principle, virtue and character.
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Author Kasey Morton writes extensively on a large range of topics. He writes on many issues relating to small businesses, marketing, movies, and insurance matters. A particular interest of his is nurse jobs and travel nursing jobs.
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