TY  - BOOK
AU  - Bogle,John C.
TI  - The clash of the cultures: investment vs. speculation 
SN  - 9781118122778 (cloth)
AV  - HG 4521 B674c 2012
U1  - 332.6 
PY  - 2012///
CY  - Hoboken, N.J.
PB  - John Wiley & Sons
KW  - Investments
KW  - Speculation
KW  - Capital gains
KW  - Inversiones
KW  - La especulación
KW  - Las ganancias de capital
N1  - Includes bibliographical references and index; 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 "mutual" fund culture : Stewardship gives way to salesmanship -- Are fund managers true fiduciaries? The stewardship quotient -- The index fund : the rise of the fortress of long-term investing and its challenge from short-term speculation -- America's retirement system--too much speculation, too little investment -- The rise, the fall, and the renaissance of Wellington Fund : a case study - investment wins, speculation loses -- Ten simple rules for investors and a warning for speculators
N2  - Vanguard Group founder John C. Bogle discusses changes in the culture of the mutual fund industry and how speculation has come to dominate investment. The book presents 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, the author 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. At the end, he offers advice for investors and a warning for speculators
ER  -