“We Need a Quiet Revolution”
Jack Bogle:
“I suppose if I was to reflect on it…I would hope that out of all this would come a major change in the way the financial investment business in the U.S. operates – to go away from speculating and toward investment, which serves everybody but Wall Street. Wall Street is too big a part of the equation, and we need to get them out…[we need] funds you buy and hold that don’t get tempted by the machinations of the market. And so the big thing would be a slow, probably quiet revolution to return to the basics of what investing is all about.”
