The Clash of the Cultures
Investment vs. Speculation
John C. Bogle
This thought-provoking book by John C. Bogle, the creator of the first index fund, discusses the shift in the financial industry from a long-term investment culture to a short-term speculation culture. In The Clash of the Cultures, Bogle calls for a return to common sense principles and a federal standard of fiduciary duty. He shares his views on the failure of institutional money managers and the need for investors to meet their financial goals. The book presents a case study on the success of investment and the failure of speculation and concludes with ten simple rules for investors.
Fecha de publicación
2012-08-07T00:00:00.000Z
2012-08-07T00:00:00.000Z
Calificación de Goodreads
3.88
ISBN
8601400773161
Categorías
Recomendaciones
2
Recomendaciones
2013-03-01T00:00:00.000Z
For investors, the most valuable takeaway is his list of 10 simple rules of “Common Senses Investing.” According to Bogle, it “may not be the best strategy ever devised. But the number of strategies that are worse is infinite.
One of my favorite lines from the book: “Where returns are concerned, time is your friend. But where costs are concerned, time is your enemy.” (Why? Because it can pretty much apply to all aspects of your life, not just investing.) – fuente