From the mouths of money managers

via Bill Moyers Journal. This is a quote from John Bogle, founder of the Vanguard Group, one of the world’s largest mutual fund companies, and the father of the “index fund,” i.e., no stranger to business sensibilities. The segment was about capitalism in a crisis of leadership and structure and his book The Soul of Capitalism.

I’m perfectly willing to give a high value, for example, to art and poetry and literature. They add value to society. It may not be easy to measure it in a society that measures too much of what’s not important — and not enough of what is important. As the sign in Einstein’s office said, “There are some things that count that can’t be counted. And some things that can be counted that don’t count.