| Description |
1 online resource |
| 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 |
| 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 |
| Notes |
Includes index |
| Bibliography |
Includes bibliographical references and index |
| Notes |
Print version record and CIP data provided by publisher |
| Subject |
Investments.
|
|
Speculation.
|
|
Capital gains.
|
|
Investments
|
|
speculating.
|
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BUSINESS & ECONOMICS -- Investments & Securities -- General.
|
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Capital gains
|
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Investments
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Speculation
|
| Form |
Electronic book
|
| LC no. |
2012027528 |
| ISBN |
9781118238219 |
|
1118238214 |
|
9781118224748 |
|
1118224744 |
|
9781118262818 |
|
1118262816 |
|
1280995319 |
|
9781280995316 |
|
