The clash of the cultures
investment vs. speculation
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Author
Publication
2012 - John Wiley & Sons, Hoboken, N.J, New Jersey
Language
English
Word Count
88,250 words, Guess
Page Count
353 pages
Identifiers
- Internet Archiveclashofculturesi0000bogl
- ISBN-139781118122778
- ISBN-101118122771
- Library of Congress Control Number2012026770
- Library of Congress Control Number2012027528
and 3 more
- OCLC Control Number748330569
- Better World Books9781118122778
- Open LibraryOL25372474M
Classifications
- DDC332.6
- LCCHG4521 .B573 2012
- LCCHG4521
Description
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.
Other Editions
- The clash of the cultures: investment vs. speculation
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