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#58 John Bogle: Enough: True Measures of Money, Business, and Life
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The Power of Compounding Returns
Munger's concern about the flood of young talent into a field that inevitably subtracts so much value from society. Munger: "Instead of working in the finance industry there's not much you can do that actually adds value to people make things that actually help people don't waste your talents" Bould says he continues his crusade event against costs and calls it 'the tyranny of costs' A day which became known as Black Monday the Dow Jones Industrial was down more than 1%.
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