A great discussion between Jack Bogle and Paul Volcker, moderated by Kathleen Hays at the John Bogle Legacy Forum on Tuesday in New York. They discussed long-term investing, transaction tax, securities markets, opposition to the Volcker Rule at Davos, liquidity, and more. Boble, said, “I have an idea that liquidity is the last refuge of of the scoundrel.” Good stuff. Listen here.
