Free Download The Clash of the Cultures: Investment vs. Speculation (Audiobook)
English | September 10, 2019 | ASIN: B07X2Z828Q | M4B@64 kbps | 13h 11m | 381 MB
Author: John C. Bogle | Narrator: Al Kessel
Over the course of his 60-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 eyewitness 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 audiobook 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.
