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:
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:
