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#58 John Bogle: Enough: True Measures of Money, Business, and Life
Founders
The Harsh Consequences of Conflict Riddled Relationships
Charlie Munger quote is I've been in the top 5% of my age cohort all of my life in understanding the power of incentives. John Bogle says he feels money managers are excuse me money management extracts value so he feels they shouldn't exist and did this idea of incentives to say he's talking about here other examples of the harsh consequences of this move away from professional conduct are easy to come by in public accounting as big eight gradually came to provide hugely profitable consulting services to their audit clients.
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