Clash of the Cultures
by John C. Bogle
Bogle on how a culture of speculation displaced a culture of investment: trading volume, short-termism, institutional money managers' conflicts, and his proposals for fiduciary reform, with a final chapter of ten rules for investors. It is his most policy-oriented book and the rules chapter is a fine summary of his advice.
Read it if…
you want Bogle's critique of modern finance and his ten rules.
Skip it if…
you want personal guidance only; read the last chapter.
Three things you will actually use
- Investing is owning; speculation is trading.
- Time is your friend; impulse your enemy.
- Buy right and hold tight.
Do this first
Read the ten rules and check your portfolio against each.
Our verdict
Critique and ten rules.
Compare with other Money books
Dave Ramsey's Complete Guide to Money
Dave Ramsey · Money
The whole system in one reference.
CLICK TO SEEBrowse all Money book reviews or get the free Reality Code Cheat Sheet.
As an Amazon Associate, WisdomDeck earns from qualifying purchases. Links marked “Click to see” go to Amazon. We are not paid for opinions, prices and availability are not shown here and change on Amazon, and we never see your purchase details. Nothing here is medical, legal or financial advice.