The Battle for the Soul of Capitalism |  | Author: John C. Bogle
Publisher: Yale University Press
List Price: $16.00
Buy Used: $2.60
as of 11/23/2009 10:42 CST details
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Seller: massbookstore
Rating:  28 reviews
Sales Rank: 42533
Media: Paperback
Pages: 288
Number Of Items: 1
Shipping Weight (lbs): 0.9
Dimensions (in): 9.2 x 6.2 x 0.8
ISBN: 0300119712
Dewey Decimal Number: 330.1220973
EAN: 9780300119718
ASIN: 0300119712
Publication Date: November 27, 2006
Availability: Usually ships in 1-2 business days
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Product Description
An astute, longtime observer of the business world, the founder and former CEO of Vanguard mutual funds explains the failures of the American financial system and the abuses that have plagued it in recent years. More important, John C. Bogle offers a host of practical reforms to restore integrity to corporate and investment America and to protect small investors' interests.
"If you read no other book the rest of the year, you must read The Battle for the Soul of Capitalism."—Mike Clowes, Investment News
"When the writer is John C. Bogle, ignore the bombast and pay attention. . . . Emboldened by the flood of scandals since the bubble burst, Bogle has written his broadest broadside yet."—Peter Lattman, Forbes
"Mr. Bogle tells it like it is, like it was and, most important, tells what needs to be done to restore the values of faith, integrity, and trust that were once hallmarks of corporate America and the financial sectors."—Wall Street Journal (Recommended Reading)
"John Bogle has been making Wall Street a better place for decades. His book is yet another important contribution in an illustrious career."—Jeff Madrick, New York Times Book Review
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| Customer Reviews:
Showing reviews 1-5 of 28
 Fabulous! October 22, 2009
JlynRex
I bought this book for my father and he was shocked how cheap the book was. The book came sooner than expected and was in great condition.
An Insiders Call for Investment Reform. December 22, 2008
Scripture Studier (WI,USA)
2 out of 2 found this review helpful
The main attraction of this book is the author. John Bogle is an insider with a long history in investment.
Throughout the book Mr.Bogle addresses problems in the investment sector. Some are known, some are factors that John Q. Public may not be aware of.
His main argument is about ownership. Who controls investments? One would expect that shareholders do. But in reality it's the fund managers. That's the author's point- "owner's capitalism" vs. "manager's capitalism".
He provides a witty quote from Herbert Hoover on capitalism. "You know, the only trouble with capitalism is capitalists. They're too darn greedy."
Some of the issues that Mr. Bogle covers in this book are:
$Accounting fiction $Unrealistic Speculation $Loose Accounting Standards $Restatements of Financial Reporting $Short Term Speculation vs. Long Term Investing $Consideration of Federal Chartering for Corporations.
The author highlights the importance of full and fair disclosure.
Executive perks are discussed as well as undeserved compensation for CEOs that failed their companies.
This book touched on a general, fundamental change in society.
"In all, professional relationships with clients have been increasingly recast as business relationships with customers. In a world where every user of services is seen as a customer, every provider of services becomes a seller."
This is a very good book about capitalism and investing in the markets.
The reform ideas are thoughtfully presented by an executive that has been there for decades.
Exellent, details and outlines the problem with the stock market. September 22, 2008
Douglas D. Loewen (Canton, Kansas)
0 out of 1 found this review helpful
This book should be taught in a college class. This details exactly what has happened and what needs to be done to correct what has happened the last 20 years.
 Very academic, excellent but suited for investment amateurs July 8, 2008
EMM (Long Beach, CA)
1 out of 2 found this review helpful
Loved the feel of this book and there is tons of great information here about the inner workings of investments, funds and financial shenanigans. Some of the info was over my head but where I could digest it, it was great.
He's got it right April 3, 2008
Lavon C. Hall (South Dakota)
0 out of 1 found this review helpful
Today's financial situation is the result of the battle the suthor so clearly describes. Why can't we listen?
Showing reviews 1-5 of 28
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