Every thoughtful investor can benefit from his wisdom, served up with refreshing modesty by a giant in a field notorious for outsized egos.” —Financial Analysts Journal “The book is a gem. Consider, for example, airline safety. John Bogle explains in clear English, backed up by statistical evidence, why index investments will provide you with superior returns in the long run. Bogle concludes his book by outlining ten simple investment rules to help investors avoid the many hazards of investing and, by focusing on simplicity and economy, to meet their investment goals.
The superb performance of the funds run by Vanguard, which is essentially a non-profit organization, stands in stark contrast. Think about that for a moment. Our aggressive culture of destructive and costly speculation has come to dominate the earlier prudent culture of investment. These ebooks can only be redeemed by recipients in the US. Clash of the Cultures is a great summary of the breadth of Bogle's 60-plus years in the investment field. By completing your purchase you agree to Audible’s Conditions of Use, Amazon's Privacy Notice and if applicable Audible's Recurring Payment Terms. . The entire financial services industry should be glad that Bogle is merely an expert witness, and not the judge and jury as well.
But employees are not saving enough, are not allocating their portfolios efficiently and are incurring too many costs.
You're listening to a sample of the Audible audio edition. . Speculation (Audio Download): Amazon.in: John C. Bogle, Arthur Levitt - foreword, Al Kessel, Gildan Media He sheds new light on the dramatic change in the culture of the mutual fund industry, the multiple ways in which speculation has invaded our retirement system, and the need for a federal standard of fiduciary duty. Big Profits). But the number of strategies that are worse is infinite. The ultimate beginner's guide to successful day trading. More intellectual type reading. There was an error retrieving your Wish Lists. It's good. After reading this book you will understand why so called "professional" money managers, bankers, investment advisers, etc. Spread the word! Reviewed in the United Kingdom on March 19, 2017. No doubt that if you're looking for a book on long term investing then John Bogle is an excellent source to learn from. It lambasts US mutual fund managers for neglecting to act as responsible owners of the companies they invest in on behalf of the savers whose money they look after, and for their own governance failures.”—The Financial Times “[The Clash of the Cultures] echoes many familiar . dr anil gupta md (new-York) cardiologist now retired boglehead, Reviewed in the United Kingdom on 28 March 2017. . . Please try again. Meanwhile, many employees in the private sector have been switched into defined-contribution schemes.
Instead, our system considers things like how recent a review is and if the reviewer bought the item on Amazon. There's something rotten at the core of the American financial system; we all know it. "—From the Foreword by ARTHUR LEVITT, "A calm yet impassioned call to financial arms.
Before I go any further, I'll have to put my own biases on the table. Unlimited FREE fast delivery, video streaming & more.
Your recently viewed items and featured recommendations, Select the department you want to search in, The Clash of the Cultures: Investment vs. As an experienced investor, I truly feel that this is the ONLY book you ever need to read about investing. John Bogle speaks with great credibility and deep experience—explaining in meticulous detail exactly how powerful insiders gain and you lose. Bogle's 'Stewardship Quotient' methodology helps to identify fiduciaries that value stewardship over salesmanship, an all too often mutual fund industry failure. The American pension-fund industry has been particularly bad at understanding these long-run fundamentals.
Plus, for those not familiar with Bogle’s prose, the man can turn a phrase, which makes the book all the more enjoyable.”—IndexUniverse, “If the Occupy Wall Street movement is serious about helping people with real financial issues, then its leaders should read John Bogle’s book and embrace his ideas for change.”—Rick Ferri, Forbes.com, “John Bogle’s story is an oft-told tale, yet even Bogle junkies will learn some fascinating new facts from The Clash of the Cultures. In order to navigate out of this carousel, please use your heading shortcut key to navigate to the next or previous heading. Find all the books, read about the author, and more. (2011). Speculation, he brings his considerable wisdom and experience to bear on the most troubling developments of the recent erathe crowding out of long-term investment by short-term speculation. John has a lot (too much?) It's required reading for every concerned citizen and every worried investor, and food for thought for anyone with an open mind and a curiosity about the world. In his tenth book, The Clash of the Cultures: Investment vs. More intellectual type reading. . However, this idea could have been conveyed in a more concise manner.The book contains too many chapters containing too many unnecessary details.It appears as if the book was made lengthy to justify the price for the book.This brings down the rating to 3 stars. .
Approved third parties also use these tools in connection with our display of ads. Bogle brings invaluable historical perspective to current issues ranging from high-frequency trading to the looming crisis in the U.S. retirement system to the use of mutual fund investors’ money to promote the growth of assets under management. The Clash of the Cultures is the latest and perhaps best book by the founder of Vanguard Group. While most of the insights are time-honored themes in the Bogle canon, they are very useful for individual investors.” —Reuters, “Bogle's latest book tackles what looks like an artificial distinction.
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. 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. . In January 2012, some of the nation's most respected financial leaders celebrated his distinguished career at the John C. Bogle Legacy Forum, held at New York's Museum of American Finance. John C. Bogle is the founder of the Vanguard Group of mutual funds and President of its Bogle Financial Markets Research Center. Please try your request again later. The prudent, value-adding culture of long-term investment has been crowded out by an aggressive, value-destroying culture of short-term speculation. .
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. Prime members enjoy FREE Delivery and exclusive access to music, movies, TV shows, original audio series, and Kindle books.