Money Talk

The CEO Pay Machine

The CEO Pay Machine is former CEO Steven Clifford’s thorough and shocking explanation of the ‘machine’–how it works, how its parts interact, and how every step pushes CEO pay to higher levels. As Clifford sees it, the payment structure for CEOs begins with shared delusions that reinforce one other: Once this groupthink is accepted as […]

The Clash of the Cultures

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 […]

The Little Book of Common Sense Investing

To learn how to make index investing work for you, there’s no better mentor than legendary mutual fund industry veteran John C. Bogle. Over the course of his long career, Bogle—founder of the Vanguard Group and creator of the world’s first index mutual fund—has relied primarily on index investing to help Vanguard’s clients build substantial […]

Empire of the Fund

Much of what Empire of the Fund relates is, or should be, familiar to the practitioner. What differentiates it from many dry investment texts is its ability to deliver critical concepts with style and practicality, not talking down to the reader but, rather, offering a worthwhile and handy instruction manual for private wealth managers looking […]

Recommended Readings

1. Birdthistle, William A. Empire of the Fund. New York: Oxford University Press, 2016. 2. Bogle, John C. The Little Book of Common Sense Investing. Hoboken: John Wiley & Sons, Inc., 2017. 3. Bogle, John C. The Clash of the Cultures. Hoboken: John Wiley & Sons, Inc., 2012. 4. Clifford, Steven. The CEO Pay Machine. […]