Soul of Capitalism

There are some profound stats in Bogle's Soul of Capitalism book.  Here are a few of his findings...

The wealthiest 1% of Americans owned 18% of the nations wealth in the 1970s. By the year 2000, the wealthiest 1% of Americans owned 40% of the nations wealth.

In 1980, the compensation of the average CEO was 42 times that of the average worker. Today, the ratio has soared to 280 times that of the average worker. From 1980 to 2004, CEO compensation has increased 1,147% while the average worker’s increase has been 136%.

One-fifth of the annual gross returns generated for investors in the financial markets during the past two decades has been siphoned off by fund managers through fund expenses.