The Clash of the Cultures: Investment vs. Speculation
Publisher,John Wiley & Sons
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Format, Hardcover
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Shelf: Non-Fiction Books / Business Finance & Accounting / Investments
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How understanding the financial sector has moved from the realm of the humanities to the world of the sciences
Major changes have taken place in the financial sector in recent years, changes that reflect two very different cultures that have existed in the world of capital formation and capital markets throughout history. The issue is, simply put, the ascendance of the culture of science (of instant measurement and quantification), over the culture of the humanities (of steady reason and rationality) in financial markets. Clash of the Cultures is John Bogle's assortment of what he deems his "Sophie's Choice" of speeches, guaranteed to excite, inspire, and motivate investors to rethink how they invest.
- Written by mutual fund pioneer John Bogle, former Vanguard Chief Executive and the "Father of Index Investing"
- Completes the trilogy of best selling books beginning with Bogle on Investing First 50 Years and Don't Count on It!
- Shows how long-term investing reflects the culture of the intellectual, the philosopher, and the historian, while short-term speculation reflects that of the statistician, the technician, and the alchemist, and how this is shifting
Insightful advice on how the financial world has moved away from placing value in a proven record of shrewd management and investor activism, Clash of the Cultures is packed with industry-defining wisdom.
