Saturday, February 14, 2009

"ENOUGH" by Bogle:Founder of Vangard Mutual Fund

Shanghai Daily, 14 February 2009 onpage A6: John C.Bogle is the author.

"After denouncing the American Financial system, the author calls for a return to America's 18th century values,reflected in the personality of Ben Franklin such as temperance,frugality,sincerity and humility.

Bogle writes convincingly withfacts and figures about the happy conspiracy on Wall Street to rob investors and line the pockets of a handful of greedy managers."

My comment: I remember Ben Franklin's aphorism: He who has a skill,has an estate. Such thought is elaborated in "Keys for Economic Understanding" www.Amazon.com online book catalog. I also remember Adam Smith as a moral philosopher without greed!

Francis Shieh a.k.a. Xie Shihao on Sunday,Feb.15,2009 in Shanghai at 7.22 a.m.

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