Go
 

  Get this audio book:




Learn More About
Find More Titles by
This Author: John C. Bogle
This Narrator: Al Kessel
This Publisher: Gildan Media

The Clash of the Cultures by John C. Bogle

The Clash of the Cultures

Investment vs. Speculation

by John C. Bogle


Title Details

Author
Narrator
Publisher
 
Unabridged Edition
Running Time
13 Hrs. 11 Min.

Description

Over the course of his 60-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 eyewitness 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 audiobook 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.

Mr. Bogle recounts the history of the index mutual fund, how he created it, and how exchange-traded index funds have altered its original concept of long-term investing. He also presents a first-hand history of Wellington Fund, a real-world case study on the success of investment and the failure of speculation. The book concludes with ten simple rules that will help investors meet their financial goals.


People Who Liked The Clash of the Cultures Also Liked These Free Titles:
  Rip-Roaring Giving
by Mark Victor Hansen

  Bitcoin Knowledge Podcast
by Trace Mayer