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

Format:

Book

Author/Creator:

Bogle, John C.

Language:

English

Subjects (All):

Investments.

Speculation.

Capital gains.

Physical Description:

1 online resource (382 p.)

Edition:

1st edition

Other Title:

Investment vs. speculation

Investment versus speculation

Place of Publication:

Hoboken, N.J. : John Wiley & Sons, 2012.

Language Note:

English

System Details:

text file

Summary:

How speculation has come to dominate investment-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, Vanguard Group founder John C. Bogle 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. In The Clash of the Cultures, he

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 change in the "mutual" fund culture

Are fund managers true fiduciaries? The stewardship quotient

The index fund : the rise of the fortress of investment and its challenge by short-term speculation

America's retirement system

too much speculation, too little investment

The rise, fall, and renaissance of Wellington Fund : a case study

investment wins, speculation loses

10 simple rules for investors and a warning for speculators.

Notes:

Includes index.

Includes bibliographical references and index.

Description based on print version record and CIP data provided by publisher.

ISBN:

9786613766922

9781280995316

1280995319

9781118224748

1118224744

OCLC:

798437929