The Problem with the Profit Motive in Finance
Harvard Business Review
FEBRUARY 2, 2012
has a new "white paper" out with the rah rah title, " Financial Services: Safer & Stronger in 2012." Swensen said this at a Bloomberg Link conference held in honor of that great fiduciary, Vanguard founder Jack Bogle. But in financial markets, it's problematic. The largest U.S. The profit motive is generally a good thing.
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