Anyway, what’s the point of a plot, you know? Has life got a plot? Not that I know of. So why should a novel have a plot? But it has to have some kind of story. It has to have some kind of structure.
What is something everyone in your world agrees about that you think is wrong?
Question
If you could have a gigantic billboard anywhere, what would it say and why?
Time & hindsight
Over the past two centuries, our nation has moved from being an agricultural economy, to a manufacturing economy, to a service economy, and now to a predominantly financial economy. But our financial economy, by definition, subtracts from the value created by our productive businesses. Think about it: while the owners of business enjoy the dividend yields and earnings growth that our capitalistic system creates, those who play in the financial markets capture those investment gains only after the costs of financial intermediation are deducted. Thus, while investing in American business is a winner's game, beating the stock market before those costs is a zero-sum game. But after intermediation costs are deducted, beating the market—for all of us as a group—becomes a loser's game.
Georgetown University commencement, Georgetown University / johncbogle.com, 18 May 2007 source ↗
Others on this question
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John Banville
Novelist; winner of the Booker Prize, 2005
Halla Tómasdóttir
Co-founder of Auður Capital; President of Iceland from 2024
And I'm not here to say that men are to blame for the crisis and what happened in my country. But I can surely tell you that in my country, much like on Wall Street and the city of London and elsewhere, men were at the helm of the game of the financial sector, and that kind of lack of diversity and sameness leads to disastrous problems.
Andre Geim
Condensed matter physicist; Nobel laureate in Physics, 2010
Instant information about everything and everyone often allows an individual opinion to compete with consensus and paranoia with evidence. It is a time when one blunt honest statement can finish a life-long political career, and one opinionated journalist can bully a government or a royal family. Science is not immune from such pressures. For example, how many Nobel prize-winning experiments – you think – would have been stopped, if ethics or health-and-safety regulations at that time were as zealous as they are today? I can think of more than a few.
Coretta Scott King
Civil rights leader; founder of the King Center
I never got to the point where I felt that nonviolence was not viable. ... I realized that it wasn’t that it wouldn’t work, it’s that people didn’t follow the proper steps in trying to achieve it because there are a set of principles and there are a set of steps in the methodology that we were taught about nonviolence. And when we follow those they work.
More from John C. Bogle
View profile →There's the world's work to be done, and there are never enough citizens with determined hearts, courageous character, intelligent minds, and idealistic souls to do it. Yes, our world already has quite enough guns, political platitudes, arrogance, disingenuousness, self-interest, snobbishness, superficiality, war, and the certainty that God is on one side or the other. But it never has enough conscience, nor enough tolerance, idealism, justice, compassion, wisdom, humility, self-sacrifice for the greater good, integrity, courtesy, poetry, laughter, and generosity of substance and spirit. It is these elements that I urge you to carry into your careers, and remember that the great game of life is not about money; it is about doing your best to build the world anew.
Recorded
Georgetown University commencement, Georgetown University / johncbogle.com, 18 May 2007
source ↗
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