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ArtikelHerd on the street.  
Oleh: Fox, Justin
Jenis: Article from Bulletin/Magazine
Dalam koleksi: Time Magazine vol. 170 no. 11 (Sep. 2007), page 37.
Topik: Economic; Capitalist; Fund
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  • Perpustakaan PKPM
    • Nomor Panggil: T7
    • Non-tandon: 1 (dapat dipinjam: 0)
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Isi artikelWhy professional investors have turned out to be as prone to manias and panics as the rest of us. In 1951, Princeton economics major Jack Bogle wrote a senior thesis extolling the virtues of the small but growing mutual-industry. At the time the reigning view of the stock market was that expressed 1 1/2 decades earlier by the great English economist (and speculator) John Maynard Keynes: it was a "casino", a "whirlpool of speculation", a "game of Snap, of Old Maid, of Musical Chairs." Young Bogle argued that the growth of professionally managed funds would bring a new age of calm rationality to the market and thus "militate against Lord Keynes' dismal and socialistic conclusions"
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