Capital: The Story of Long-Term Investment Excellence 1st Edition

on time and as described

If you are an investor and haven't learned of the advantages of the American Funds Family of Mutual Funds and its parent, Capital Reasearch and Management Company, this is a must read. Capital Research and Mngmt is a quiet company, they do not advertise, they do not sit for interviews or do press releases. They only manage money, period. As a result, they do it better than anybody. This book is the only place you will get in-depth information about the company short of visiting a broker who is equally enlightened. Discovering an equally enlightened broker, may I say, is rare to find in its own right. Rich people know about this company, but finding a rich person who will talk is equally difficult. Just read it, you'll see.

Capital, the parent firm of American Funds, is one of the finest business organizations in American Business. This book was written by an index fund /no-load proponent who was looking to debunk American Funds (which are neither indexed, nor no-load) and instead he (Ellis) discovered their exceptional values, performance and pricing. This story is fast-paced and highly interesting, both to Advisors and clients.

OK. This book is very dry and I'm surprised that a fellow as well lauded as the author writes in such a mish-mash manner. He needed a good editor to help him tell the Capital story the way it should have been told.But I'm glad I read the book to learn more about the original driving personalities and culture of the company that has remained under the radar for years. Of course, since the Big Recession 'Capital' has undergone a re-organization and many of the old stalwarts are retired or side-lined, the company has been streamlined, and the 'money management by committee' scheme has been redesigned, so admittedly the book is dated.But it's still a good 'inside' look at how one regional money management company grew to become one of the biggest and most respected international investment companies in the twentieth century. And the book is an informative insight in to the differences among various fund management companies and their various philosophies with regard to serving their clientsIf you are investing a significant amount of money, your own or other people's, in managed or indexed stock funds, it's a good book to know about.

Excellent Book on Capital Guardian.

As expected

Nice product.

Worthwhile read for someone interested in Capital Group. Provides an historical account (lot of detail) of how the firm and it's philosophy were founded. Most useful for someone interested in interviewing or investing with Capital Group.