MARC Record from harvard_bibliographic_metadata

LEADER: 03127cam a2200409 a 4500
001 013349508-6
005 20130531101312.0
008 120705s2012 njua 001 0 eng
010 $a 2012026770
016 7 $a016068185$2Uk
020 $a9781118122778 (cloth)
020 $z9781118224748 (ebk)
020 $z9781118414385 (ebk)
020 $z9781118414378 (ebk)
020 $a1118122771 (cloth)
035 0 $aocn748330569
035 $a(PromptCat)40021245882
040 $aDLC$beng$cDLC$dYDX$dBTCTA$dBDX$dOCLCO$dUKMGB$dYDXCP$dABG$dBWX
042 $apcc
050 00 $aHG4521$b.B573 2012
082 00 $a332.6$223
100 1 $aBogle, John C.
245 14 $aThe clash of the cultures :$binvestment vs. speculation /$cJohn C. Bogle.
246 30 $aInvestment vs. speculation
246 30 $aInvestment versus speculation
260 $aHoboken, N.J. :$bJohn Wiley & Sons,$cc2012.
300 $axxv, 353 p. :$bill. ;$c24 cm.
500 $aIncludes index.
505 0 $aThe 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, fall, and the renaissance of Wellington Fund : a case study : investment wins, speculation loses -- Ten simple rules for investors and a warning for speculators -- Appendix I. Performance ranking of major mutual fund managers : March 2012 -- Appendix II. Annual performance of common stock funds versus S&P 500, 1945-1975 -- Appendix III. Growth in index funds : number and assets, 1976-2012 -- Appendix IV. Wellington Fund record, 1929-2012 -- Appendix V. Wellington Fund equity ratio and risk exposure (beta), 1929-2012 -- Appendix VI. Wellington Fund performance versus average balanced fund, 1929-2012 -- Appendix VII. Wellington Fund expense ratios, 1966-2011.
504 $aIncludes bibliographical references and index.
520 $aVanguard 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.
650 0 $aInvestments.
650 0 $aSpeculation.
650 0 $aCapital gains.
899 $a415_565267
988 $a20120913
906 $0DLC