New Threads Only:  Add to Google Reader or Homepage
New Threads & Replies:  Add to Google Reader or Homepage
Forums are for serious investors only. GuruFocus Forum Rules.

Forum List » Guru News and Commentaries
Guru News, Stock picks and commentaries
New Topic
Goto Thread: PreviousNext
Goto: Forum ListMessage ListNew TopicLog In
Index Fund Guru Jack Bogle – Speculation Is More of a Threat Than the Fiscal Cliff
Posted by: CanadianValue (IP Logged)
Date: December 10, 2012 04:30PM

Jack Bogle doesn't like the high frequency trading that goes on in the market today and thinks the stock market has lost its way. He compares the trillions of dollars of total trades that go through with the $250 billion of capital that is actually raised by companies.

I have to agree with him; it is hard to see what this frantic trading adds to society.

One solution that Bogle suggests is a tax per transaction. It sounds too sensible to work.

Here is the interview:






Stocks Discussed: SPY, DJI, QQQ,
Rate this post:

Rating: 4.3/5 (3 votes)





Sorry, only registered users may post in this forum.

Please Login if you have an account or Create a Free Account if you don't
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK