Capital
The Story of Long-Term Investment Excellence
John Wiley & Sons, Inc., 2004
Category:
Concepts & Trends
Get the summary
Subscribe today and dramatically increase your business knowledge in your own time and at an affordable rate. Our summaries will update your skills, jump-start your career and put you ahead of the pack. Learn how to thrive in every aspect of your professional life.
getAbstract rating
| Overall |
|
(7)Applicability |
|
Innovation |
|
Style |
|
(6)
(9)
(5)| Level of Expertise |
|
In this summary you will learn
- The history and significance of The Capital Group, an important U.S. investment group
- How Capital’s values built its achievements
Why you should read Capital
This is an excellent book about an extraordinary organization. Founded by a brilliant but self-effacing contrarian from Alabama, The Capital Group has prospered by doing things differently. Most investment firms are ego-driven and focus on the short term. The Capital Group discourages egotism and looks to the long term. Its "multiple counselor" system assigns each of several investment managers a component part of a big fund, but in such a way that while performance can be measured, no one manager can take full credit for the fund’s successes or blame for its failures. At times, the narrative loses itself in a thicket of anecdotal detail, but that is a small flaw in a generally well-written book. Capital is an anomaly in its business, and getAbstract.com finds that author Charles Ellis does an admirable job of sketching its chronology and important developments in its evolution.
About the author
Charles D. Ellis is the author of ten books including Winning the Loser’s Game. For 30 years, he was the managing director of Greenwich Associates, a strategy-consulting firm. He has taught at Yale and Harvard, and is a Director of Vanguard.
If you wish to purchase 20 or more copies of this title (not the summary, but the actual book), please contact us at info@getAbstract.com. Make sure you include the title of the book and your phone number.
getAbstract makes it easy for you to access the summary of Capital any time or any place. Once registered, you can choose from a variety of download formats: PDF for your computer, BlackBerry, iPhone, Kindle, PDA or other handheld devices. You can even obtain the audio version of many of our summaries.
Subscribe today to gain access to this summary as well as many other compelling titles!