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The clash of the cultures : investment vs. speculation / John C. Bogle.

By: Bogle, John C.
Material type: materialTypeLabelBookPublisher: Hoboken, N.J. : John Wiley & Sons, �2012Description: xxv, 353 pages : illustrations ; 24 cm.Content type: text Media type: unmediated Carrier type: volumeISBN: 9781118122778; 1118122771.Other title: Investment vs. speculation | Investment versus speculation.Subject(s): Investments | Speculation | Capital gains | Investments | Speculation | Capital gains | Capital gains | Investments | SpeculationDDC classification: 332.6 Other classification: F830.59 Online resources: ebrary
Contents:
The clash of the cultures -- The double-agency society and the happy conspiracy -- The silence of the funds : why mutual funds must speak out on the governance of our nation's corporations -- The "mutual" fund culture : stewardship gives way to salesmanship -- Are fund managers true fiduciaries? : the stewardship quotient -- The index fund : the rise of the fortress of long-term investing and its challenge from short-term speculation -- America's retirement system -- too much speculation, too little investment -- The rise, the fall, and the renaissance of Wellington Fund : a case study -- investment wins, speculation loses -- Ten simple rules for investors and a warning for speculators.
Summary: Vanguard Group founder John C. Bogle discusses changes in the culture of the mutual fund industry and how speculation has come to dominate investment. The book presents a hard-hitting look from the creator of the first index fund. Over the course of his sixty-year career in the mutual fund industry, the author has witnessed a massive shift in the culture of the financial sector. The prudent, value-adding culture of long-term investment has been crowded out by an aggressive, value-destroying culture of short-term speculation. Mr. Bogle has not been merely an eye-witness to these changes, but one of the financial sector's most active participants. At the end, he offers advice for investors and a warning for speculators.
List(s) this item appears in: Misfit Books
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Nonfiction 332.6 BOG (Browse shelf) Available 2089100145440
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Includes bibliographical references and index.

The clash of the cultures -- The double-agency society and the happy conspiracy -- The silence of the funds : why mutual funds must speak out on the governance of our nation's corporations -- The "mutual" fund culture : stewardship gives way to salesmanship -- Are fund managers true fiduciaries? : the stewardship quotient -- The index fund : the rise of the fortress of long-term investing and its challenge from short-term speculation -- America's retirement system -- too much speculation, too little investment -- The rise, the fall, and the renaissance of Wellington Fund : a case study -- investment wins, speculation loses -- Ten simple rules for investors and a warning for speculators.

Vanguard Group founder John C. Bogle discusses changes in the culture of the mutual fund industry and how speculation has come to dominate investment. The book presents a hard-hitting look from the creator of the first index fund. Over the course of his sixty-year career in the mutual fund industry, the author has witnessed a massive shift in the culture of the financial sector. The prudent, value-adding culture of long-term investment has been crowded out by an aggressive, value-destroying culture of short-term speculation. Mr. Bogle has not been merely an eye-witness to these changes, but one of the financial sector's most active participants. At the end, he offers advice for investors and a warning for speculators.

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Other editions of this work

The clash of the cultures : by Bogle, John C. ©2012
The clash of the cultures : by Bogle, John C. ©2012
The clash of the cultures : by Bogle, John C. ©2012

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