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lowrentyieldmakessense(honest!)

One Of The Good Guys In The Finance Industry

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from Chapter 2

an old epigram from 19th century Britain

Some men wrest a living from nature and with their hands; this is called work.

Some men wrest a living from those who wrest a living from nature and with their hands; this is called trade.

Some men wrest a living from those who wrest a living from from those who wrest a living from nature and with their hands; this is called finance.

i can think of a better name for it

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Jack Bogle is a true American hero.

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This weekend I was listening to John Bogle, the founder of Vanguard being interviewed on NPR. I tried to find the interview but couldn't. But in it, he said that the small investor doesn't stand a chance in the stock market

. Essentially, the large hedge funds, banks, traders, etc. take their cream off the top and leave the scraps for you and me. The game is rigged against the average investor.

To make it even worse, it appears that conflicts-of-interest make Wall Street a seething cauldron of snakes willing to bend princples and overlook long-term damage in the sake of maximizing short term profits and not rocking the boat.

may relate to this speach

fixing-broken-financial-system

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