Vanguard founder, a rare INTELLIGENT Republican, endorses Kerry

[LynnTheDem]

Leadership is something that has fascinated Bogle, 75, all his life. In speeches on the subject, Bogle approvingly quotes Goethe: "Whatever you do, or dream you can, begin it. Boldness has genius, power and magic in it. Begin it now."

But "there's a fine line between boldness and recklessness," cautions Bogle, a Republican who intends to vote for John Kerry.Boldness must be tempered by foresight and deliberation, Bogle says.

"We can't have a country run by philosophers," says Bogle, who chairs the board of the National Constitution Center. "But a good leader is thoughtful. He seeks the counsel of others and is capable of introspection. Before making a decision, he walks around it and tries to see it from all sides."

A sense of fallibility helps a leader, Bogle says. It inhibits arrogance, tames boldness so it doesn't lapse into recklessness.

"If you can't admit you're wrong, you have a problem," Bogle says, "because we're all wrong so often. Why is admitting it so awful?"

http://www.philly.com/mld/philly/news/nation/10014432.htm

[saracat]

1. Right on , Brother. He has it nailed!

[girl gone mad]

2. Well, that seals it for me.

I'm moving my money out of Fidelity and into Vanguard. I've always disliked Fidelity, but I just assumed all the big brokerage firms were equally loathsome. Vanguard might actually be socially responsible, and I've heard good things about their customer service over the years.

If Fidelity asks me why I'm closing my account, I'll let them know I still haven't forgiven them for promoting Bush's fiscally reckless tax cuts.

[mazzarro]

3. Me too - Fidelity is out for me

eom