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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Phoenix, US
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Nice, cost effective material. It stuck nicely to the door and was fairly easy to use. The grid marks on the back made it easy to cut. I would not rank it up with other materials in sound and heat isolation, but it did cut down the overall vibrations on the door panels and I did not feel heat immediately from the floor area as i did with bare metal. If you are working with a budget and want modest improvement, this material will work well over most stock materials.
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Louisville, US
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Style: 8.7 sqft(8 pcs), Material Type: Aluminum 197 mil, Style: 8.7 sqft(8 pcs), Material Type: Aluminum 197 mil
For $14 for 8.7 square feet, this was more than enough to cover the important parts of the trunk of my 944. You DON'T need a roller to apply this, just strong hands and a well prepped surface. I vacuumed, lightly washed, then used 90% alcohol to clean the surface before applying. I could have used more and covered every inch, but there is diminishing returns in doing so (especially on a budget, or with a lower wattage sound system in my opinion). If this stuck as well as it did for me in a 45° garage, then it should stick just fine for you too. I will say, it is a little cheap feeling, but for the price I can't complain. There is an audible difference when knocking on the panels this material is applied to. I'm not a professional though, and if you're an audiophile, there are better options (but prepare to empty your wallet). Not sure I would do an entire vehicle with this material, but it is a great supplement.
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Chris L.
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Style: 37.1 sqft(34 pcs), Material Type: Aluminum 197 mil
I wanted this product for heat and sound installation. Worked well for my application of insulating Jeep floorboards. Easy to work with. Good adhesion. I may have went for a little thicker material. But it's better than only carpet. That's what Jeeps have so it worked great for me. Good value for the money, I like the size of the squares since I needed to do a lot of trimming anyway.
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