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    Summary of John C. Bogle's Enough
    Summary of John C. Bogle's Enough
    Summary of John C. Bogle's Enough
    Ebook34 pages18 minutes

    Summary of John C. Bogle's Enough

    By IRB Media

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    Please note: This is a companion version & not the original book.

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    #1 The financial system takes from society, and the more it takes, the less the investor earns. The more the financial system takes from you, the less you have. The investor feeds at the bottom of the food chain of investing.

    #2 The financial sector, which was booming at the time, began to crumble in 2007. The industry was led by Citigroup and investment banks Merrill Lynch and Bear Stearns, who created risky, reckless, and costly debt instruments.

    #3 The financial sector has dominated the American economy and stock market, and has been responsible for a large portion of the SP 500 company’s earnings. The clients of the banking firms have lost billions of dollars in risky debt obligations, yet investment banking executives continue to be paid at high levels.

    #4 The recent financial crisis has shown the compensation of three well-publicized financial sector CEOs who failed their clients and their shareholders. Charles Prince, CEO of Citigroup, took office in October 2003, with Citigroup stock selling at $47 per share. While the bank did well for a few more years, it created a highly risky investment portfolio that fell to pieces within five years.

    LanguageEnglish
    PublisherIRB Media
    Release dateMar 29, 2022
    ISBN9781669379058
    Summary of John C. Bogle's Enough
    Author

    IRB Media

    With IRB books, you can get the key takeaways and analysis of a book in 15 minutes. We read every chapter, identify the key takeaways and analyze them for your convenience.

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      Book preview

      Summary of John C. Bogle's Enough - IRB Media

      Insights on John C. Bogle's Enough

      Contents

      Insights from Chapter 1

      Insights from Chapter 2

      Insights from Chapter 3

      Insights from Chapter 4

      Insights from Chapter 1

      #1

      The financial system takes from society, and the more it takes, the less the investor earns. The more the financial system takes from you, the less you have. The investor feeds at the bottom of the food chain of investing.

      #2

      The financial sector, which was booming at the time, began to crumble in 2007. The industry was led by Citigroup and investment banks Merrill Lynch and Bear Stearns, who created risky, reckless, and costly debt instruments.

      #3

      The financial sector has dominated the American economy and stock market, and has been responsible for a large portion of the SP 500 company’s earnings. The clients of the banking firms have lost billions of dollars in risky debt obligations, yet investment banking executives continue to be paid at high levels.

      #4

      The recent financial crisis has shown the compensation of three well-publicized financial sector CEOs who failed their clients and their shareholders. Charles Prince, CEO of Citigroup, took office in October 2003, with Citigroup stock selling at $47 per share. While the bank did well for a few more years, it created a highly risky investment portfolio that fell to pieces within five years.

      #5

      The wealth of hedge fund managers is incomparable to that of financial kings, but their success is still problematic. The asymmetry of their wealth is unlikable because it lacks fundamental equity. Managers on the winning side

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