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Herd 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
Ketersediaan
Perpustakaan PKPM
Nomor Panggil:
T7
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
Why 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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