Regular price: $25.17

Free with 30-day trial
Membership details Membership details
  • A 30-day trial plus your first audiobook, free
  • 1 credit/month after trial – good for any book, any price
  • Easy exchanges – swap any book you don’t love
  • Keep your audiobooks, even if you cancel
  • After your trial, Audible is just $14.95/month
Select or Add a new payment method

Buy Now with 1 Credit

By confirming your purchase, you agree to Audible's Conditions of Use and Amazon's Privacy Notice. Taxes where applicable.

Buy Now for $25.17

Pay using card ending in
By confirming your purchase, you agree to Audible's Conditions of Use and Amazon's Privacy Notice. Taxes where applicable.

Publisher's Summary

There is no one better qualified to tell us about the failures of the American financial system and the grotesque abuses that have taken place in recent years than John C. Bogle, founder and former chief executive of the Vanguard mutual-fund group. This legendary mutual-fund pioneer has witnessed firsthand the innermost workings of the financial industry for more than 50 years and has set the standards for sound investment strategies and stewardship. Bogle's prudent advocacy of the rights of individual investors began with his 1951 Princeton University thesis on the fund industry, and he continues to champion the restoration of integrity in industry practices today. An astute observer, he knows that a trustworthy business and financial complex is essential to America's continuing leadership in the world and to economic and social progress at home.
This audiobook explains much more than what went wrong. More important, it tells us why we lost our way and how we can right our course. The specific reforms Bogle advances are practical and essential, and he includes recommendations for assuring that investors receive their fair share of financial-market returns.
©2005 John C. Bogle; (P)2006 Audio Evolution, LLC
Show More Show Less

Critic Reviews

"When John Bogle, a 50-year veteran in financial services, says capitalism is in trouble, there is only one proper reaction. You listen....Remarkably well read and logical, Bogle is meticulous in supporting his thesis that our brand of capitalism is failing because of a shift of power away from owners." (USA Today)
Show More Show Less

Customer Reviews

Most Helpful

By Maurice on 02-02-08

Do You Own a Mutual Fund?

A very interesting book that shines light on Wall Street's dirty little secret. They are skimming off billions of dollars through small fees charged to investors in mutual funds. The reason they can get away with this is that fund ownership is so disperse, individual investors have no control. Ownership has been divorced from management. If you invest in a mutual fund, you ought to read this book.

Read More Hide me

12 of 13 people found this review helpful

By sleeper on 05-03-08


The author might want to start by studying the father of capitalism (Adam Smith). In any free exchange both parties benefit. If investors feel they are being taken advantage of they should change the way they invest. A capitalist doesn't depend on regulators for "protection". If you want a socialist view on the benefits of capitalism then read this book. If you believe that capitalism is not just the best means of allocating resources but is a matter of freedom, you will have a hard time with this book!

Read More Hide me

10 of 29 people found this review helpful

See all Reviews
© Copyright 1997 - 2018 Audible, Inc