SKU: 40105453962

The Clash of the Cultures: Investment vs. Speculation

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The Clash of the Cultures: Investment vs. SpeculationRecommended Reading by Warren Buffet in his March 2013 Letter to Shareholders How speculation has come to dominate investment 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, Vanguard Group founder John C. Bogle 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

Recommended Reading by Warren Buffet in his March 2013 Letter to Shareholders

How speculation has come to dominate investment--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, Vanguard Group founder John C. Bogle 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. 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. 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 federal standard of fiduciary duty.

Mr. Bogle recounts the history of the index mutual fund, how he created it, and how exchange-traded index funds have altered its original concept of long-term investing. 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. The book concludes with ten simple rules that will help investors meet their financial goals. Here, he presents a common sense strategy that "may not be the best strategy ever devised. But the number of strategies that are worse is infinite."

The Clash of the Cultures: Investment vs. Speculation completes the trilogy of best-selling books, beginning with Bogle on Investing: The First 50 Years (2001) and Don't Count on It (2011)



Binding Type: Hardcover
Publisher: Wiley
Published: 08/07/2012
ISBN: 9781118122778
Pages: 384
Weight: 1.44lbs
Size: 9.24h x 6.39w x 1.26d

Review Citations: Choice 02/01/2013
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SKU: 40105453962

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Kindle Customer
Grantham, US
★★★★★ 3
This book is aimed directly at professional web designers and is build around Adobe CS6. It can be helpful, but...
Format: Paperback
Preface - I have a lot of experience making webpages and sites, but my experience is very dated (I haven't played with actual web programming in more than a decade). Many things have changed since I was building websites - including the standardization of HTML 5 and the widespread use of CSS. Since I am rebuilding a number of personal webpages - as well as my commercial site - my wife bought me this book to help me catch up on the new technology. Pluses - 1) The book does a really good job of giving a decent overview of the new technologies I need to learn. Like most "Dummies" books, it is easy to read and follow the instructions and information. 2) The book is aimed at actual web designers and while I am not a professional designer, the tips and tricks laid out in this book are very helpful. 3) I am not sure that someone completely new to website construction would get as much out of it as I did - there are a lot of assumptions made by the author about the reader's grasp of certain web technologies. That said, I think someone new to web design could probably still figure out what is being said. Negatives - 1) This book is aimed at someone looking to become a professional web designer. It is NOT a low level book and covers many things that a personal website designer is not likely to need. Given the fairly low price of the book, that isn't necessarily a bad thing, but it isn't presented that way in the advertisements for the book. 2 (and this is the biggie...) The book is built around using a VERY expensive piece of software - Adobe Creative Suite cs6. This software runs ~$1,000. This makes sense if you are trying to become a professional web designer, but for someone at home just doing a website for themselves, it is WAY out of most people's price range. You don't need that software to learn the lessons in the book, but it is heavily slanted for that piece of software. Most of the screenshots are aimed at the Adobe software. I am using a fairly decent piece of software, but I will need to get a book on that particular software to try to do some of the things the book talks about. I found the book helpful, but flawed for anyone NOT getting into professional web design.
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Reviewed in the United States on December 28, 2017
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JD
Battle Creek, US
★★★★★ 5
Great reference book
Format: Paperback
I started reading this book and gave up after I realized I didn't have the programs that it called for. (The programs are very expensive!) However, I kept this on hand because I started to do more research on HTML codes and taught myself (with some guidence from this book) how to create my own webpages using simple design programs AND coding other sites soley with HTML codes! Decently priced and something good to have on hand when that one thing just doesn't make sense...
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Reviewed in the United States on March 9, 2013
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Janet L. Hatch
Whiting, US
★★★★★ 5
Building Websites
Format: Paperback, Format: Paperback
This is quite the detailed book. Excellent for beginners like me
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Reviewed in the United States on June 16, 2024
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Gail S
Bozeman, US
★★★★★ 5
This takes you from nothing to success
Format: Paperback
I love the For Dummies series. This one is every bit as good as any you have ever read in the series. Very clear.
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Reviewed in the United States on November 30, 2023
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Erika McIntosh
Dallas, US
★★★★★ 5
Awesome Book!!
Format: Kindle
I was a little skeptical about reading this book due to previous encounters with the Holy Spirit concerning Tim Ross. However, I believe GOD has given me clearance to read this book, and because of this book or shall I say the GOD given words in this book, Welcome to the Basement has been a comprised or a condensed yet straight to the point version of another book I was in the process of reading. It took the leg work out and made it into a simple and clear insight on how to practice the way of Jesus based on the life of Jesus and how to invite others to the table to eat with Jesus. I truly enjoyed this book and can't wait to slowly start back getting down into the basement. Thank You GOD and thank you, Tim Ross, for this book. It was a goldmine!! Peace, love, blessings, Erika.
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Reviewed in the United States on April 6, 2024

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