Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Warren Buffet, John Bogle Join Forces Against "Short Termism"

Fascinating story really - notwithstanding the mutual fund industry has done a horrid job the past decade some valid points.  Much like locusts we are feeding on the host body for short term gain, both in the greater economy and the markets.  That works fine, until we've drained the host.

Without a comprehensive set of solutions, I don't see much changing but when people of Buffet Bogle stature are bringing up the larger questions it certainly is interesting to see.

Post here.