The Clash of the Cultures: Investment vs. Speculation
| Author | : | |
| Rating | : | 4.68 (901 Votes) |
| Asin | : | B008IU9J1U |
| Format Type | : | |
| Number of Pages | : | 263 Pages |
| Publish Date | : | 2015-04-25 |
| Language | : | English |
DESCRIPTION:
What a Great Book! Book-Movie-Music Lover Whether you are new to investing or a veteran, this should be a "must read." Indeed, the take-aways are very simple: If you want to succeed in investing, invest in index funds, and hold them long-term. Bogle eschews specialty investing (funds or equities other than broa. I Never Realized That I worked 25 years in a Casino I spent 8 years in the "securities" business as a salesman and then 13 years as a trader using house money. As a salesman, I cannot tell you the number of players (customers) that got wiped clean based on my advice. As a trader, I was directly part of the casino, effect. Artephius (. said Another Jack Bogle classic book. I was already a life-long fan of Jack Bogle and his low-cost index funds. I have probably read about Another Jack Bogle classic book Artephius (. I was already a life-long fan of Jack Bogle and his low-cost index funds. I have probably read about 4 of his previous books. Since I was already familiar with Jack's work, there were few surprises for me in this book.As William Bernstein pointed out in his review, the . of his previous books. Since I was already familiar with Jack's work, there were few surprises for me in this book.As William Bernstein pointed out in his review, the
Bogle has witnessed a massive shift in the culture of the financial sector. 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. The prudent, value-adding culture of long-term investment has been crowded out by an aggressive, value-destroying culture of short-term speculation. 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 fed
Featured Guest Review by William J. Bernstein