Buy this book at Amazon.com or try Amazon.co.uk in England, Amazon.ca in Canada, Amazon.de in Germany, Amazon.fr in France, Amazon.it in Italy, Amazon.es in Spain. ASIN=0300109903, Category: Investment, Language: E, cover: HC, pages: 288, year: 2005.
In a review of this book (Bogle: Capitalism has suffered 'pathological mutation'), Bogle believes that government could fix the problem of private ownership which is growingly undermined by, quote "'a pathological mutation' from traditional owners' capitalism to a new form, managers' capitalism." by proposing, quote:
This book tells not just a story about what went wrong but, more important, the story of why we lost our way and of how we can right our course. Bogle argues for a return to a governance structure in which owners' capital that has been put at risk is used in their interests rather than in the interests of corporate and financial managers. Given that ownership is now consolidated in the hands of relatively few large mutual and pension funds, the specific reforms Bogle details in this book are essential as well as practical. Every investor, analyst, Wall-Streeter, policy maker, and businessperson should read this deeply informed book.
About the Author
JOHN C. BOGLE is founder and former CEO of Vanguard mutual funds. In 2004, Time magazine named him one of the most influential people in the world. In 1999, Fortune magazine named him one of the four investment giants of the twentieth century.
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