The Clash of the Cultures: Investment vs. Speculation John C. Bogle
Publisher: Wiley

I'm here in the office every day." He's also writing his 10th book, "The Clash of Cultures: Investment vs. Jul 24, 2012 - I understand you have written a new book called The Clash of the Cultures: Investment versus Speculation. You've touched on some of the major themes of the book in your previous questions. Dec 22, 2011 - He resists a label that applies to most people his age: "I'm so far from retired, it's almost an embarrassment. Speculation (John Wiley & Sons, $29.95). Sep 13, 2012 - In his new book, “The Clash of Cultures: Investment vs. Nov 26, 2012 - In the past 40 years, the stock market's total return was 9.3% of which the annual investment return was 9% (dividends and earnings growth) and speculative growth was 0.3%. Mar 12, 2013 - My consistent opinion about ETFs was expressed most recently in my tenth book, The Clash of the Cultures: " . Oct 18, 2012 - Bogle writes about this clash of cultures between investors and speculators in a new book titled, fittingly enough, The Clash of the Cultures, Investment vs. I remain positive Given Vanguard's well-established culture of long-term investing, I'm confident that Vanguard ETF owners exhibit the longest holding periods of any group of ETF investors, and that the levels of speculation in non-Vanguard ETFs are far higher, especially for those focused on narrow market sectors and high-leverage.