The clash of the cultures : investment vs. speculation
Bogle, John C.2012
Book
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 urges a return to the common sense principles of long-term investing. Provocative and refreshingly candid, this book discusses Mr Bogle's views on the changing culture in the mutual fund industry, how speculation has invaded our national retirement system, the failure of our institutional money managers to effectively participate in corporate governance, and the need for a federal standard of fiduciary duty.
Main title:
The clash of the cultures : investment vs. speculation / John C. Bogle.
Author:
Bogle, John C., author
Imprint:
Chichester : John Wiley & Sons, 2012.
Collation:
353 pages ; 24 cm
Audience:
Specialized.
ISBN:
9781118122778 (hbk)
Dewey class:
332.6332.6 BOG
Language:
English
BRN:
3764090