JOHN BOGLE THE CLASH OF CULTURES PDF

This is John Bogle’s tenth book and he surely does celebrate in style. I have read most of Mr Bogle’s books and The Clash of the Cultures is definitely the one. I read Clash of the Cultures: Investment vs. Speculation by Vanguard founder John Bogle. It’s a wonderful book outlining what true investing is. John Bogle’s story is an oft-told tale, yet even Bogle junkies will learn some fascinating new facts from the latest book by the founder of the Vanguard Group.

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Insightful and instructive, the book paints an alarming pictureof how the financial world has moved away from a culture focused onvalue-adding long-term investment towards a value-destroyingculture of rampant speculation–and the inevitable clash ofthese two cultures brought about by this transformation.

He also ccultures a first-hand history of Wellington Fund, a real-world case study on the success of investment and the failure of speculation. Goodreads helps you keep track of books you want to read. Another classic by John Bogle. Hepoints out with clarity the inherent conflicts present throughoutour financial markets, most notably between the investor’sinterests and those of many financial bogls.

Check out the top books of the year on our page Best Books of The Clash of the Cultures: There’s cultyres a lot of histo This book is one of the reasons that I hear John C. Speculation completes the trilogy of best-selling books, beginning with Bogle on Investing: Sep 26, Sam rated it really liked it.

Description Recommended Reading by Warren Buffet in his March Letter to Shareholders How speculation has come to dominate investment—a hard-hitting look from the creator of the first index fund.

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Bogle takes of culturfs cudgels on behalf of investors, who he believes have been poorly served by most of the industry. Speculation completes the trilogy of best-selling books, beginning with Bogle on Investing: Mar 30, Sean rated it it was ok.

The Clash of the Cultures : Investment vs. Speculation

Chapters 3 through 5 are example after example of why the author believes most mutual funds and active managers are bad for investors. Well-researched and carefully argued, there’s simply no way to argue with Bogle’s premises — that the little guy always loses, that the more you churn the more you cash, that most people’s retirements are dramatically underfunded, that management looks out for itself and not the stockholders, and that greed is driving the bus.

If beating the market is a zero-sum game before costs, it is a loser’s game after costs are deducted.

Description Recommended Reading by Warren Buffet in his March Letter to Shareholders How speculation has come to dominate investment a hard-hitting look from the creator of the first index fund.

The main culprits in the financial world are: It is a great intro to investing and a solid rehash of true principles. First, he backs up and restates the original purpose of the market: I learnt a few things about investing.

Bogle is brilliant at explaining why diversification and long term investment in low-overhead mutual funds still gives the best returns in the long run.

But it is not only the dominance of speculation over investment that concerns Bogle, it is the addition of the worsening conduct, values and ethics of so many market participants. What I wish Bogle or Malkiel or others had taught me earlier — and which I eventually learned from reading Benjamin Graham and Warren Buffett — was that you need not settle for index fund returns or active fund returns.

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Well-researched and carefully argued, there’s simply no way to argue with Bogle’s premises’ Best Financial News, 24th October show more.

Mar 13, Deb Holden rated it liked it. Buy for the long term, buy based on a company with a solid management team and buy stocks with low costs.

Invest in indexed funds with low fees. The prudent, value-adding culture of long-term investment has been crowded out by an aggressive, value-destroying culture of short-term speculation.

Goodreads is the world’s largest site for readers with over 50 million reviews. The prudent, value-adding culture of long-term investment has been crowded out by an aggr How speculation has come to dominate investment—a hard-hitting look from the creator of the first index fund.

The Clash of the Cultures : John C. Bogle :

Feb 16, Luke Gruber rated it it was ok Shelves: Worth reading especially for the historical perspective on index funds and the Wellington Fund. When one has read a few books by Bogle [1], one quickly understands that he is the sort of writer who continually returns to clasn same few themes over and over again.

He created Vanguard in and served as chairman and chief executive officer until and senior chairman until Jan 10, Stephen Gallup rated it liked it.