Balance Quote by John C. Bogle
“On balance, the financial system subracts value from society”
About This Quote
Source Book: Common Sense on Mutual Funds, John C. Bogle, 1999
The financial system often extracts more value than it creates for society, diverting resources away from public benefit.
In simple terms: Finance can drain societal value.
Recognize and mitigate hidden costs.
Themes
Mood
Type
When to use this quote
- policy making
- investment decisions
- public advocacy
Key Concepts
Questions to Reflect On
- How can we redesign finance to serve public good?
- What hidden costs are most damaging?
Systems may also fund innovation and growth.