Empire of the fund
the way we save now
" Empire of the Fund is an exposé and examination of the way we save now. With the rise of the 401(k) and demise of the pension, the United States has embarked upon the richest and riskiest experiment in our financial history. Over the next twenty years, nearly eighty million baby boomers will retire at a pace of ten thousand per day. The hypothesis of our experiment is that millions of ordinary, untrained, busy citizens can successfully manage trillions of dollars in a financial system dominated by wealthy, skilled, and powerful financial institutions, many of which have a record of treating individual investors shabbily. The key tools in our 401(k) plans and individual retirement accounts are mutual funds, which have ballooned to hold more than $16 trillion. But these funds pose dangers to our savings in three ways: through structural vulnerabilities that give money managers the incentive to focus on marketing over investing; through the very human challenges of managing our savings decades into the future; and through the peril of financial professionals behaving badly, to our economic harm. Though Americans often hear of the importance of low fees in fund investing, few are aware of the astonishing panoply of ways that some financial advisers have illegally diverted money out of mutual funds: from abetting hedge funds to trade after the legal deadline, to inflating the assets on which they are paid a percentage, to paying kickbacks for brokers to sell their funds. This book will forewarn and forearm Americans by illustrating the structural flaws, perverse incentives, and litany of scandals that have bedeviled mutual funds. And by setting forth a pair of policy solutions to improve Americans' financial literacy and bargaining power, it will also attempt to safeguard our individual financial destinies and our nation's fiscal strength. "--
Beyond its central premise, the book can be read through the connected lenses of Nonfiction. Those themes offer useful points of attention as the characters, ideas, or world develop, especially where the book complicates the expectations of its primary category.
As an Amazon Associate I earn from qualifying purchases.
What the reading experience may hold
A fuller profile for choosing with more confidence—not just another copy of the preview.
Nonfiction
Use these as starting points rather than limits; the most memorable books often stretch beyond their catalog labels.
Catalog signals suggest warfare and conflict. These notes may not be complete; consult a publisher or reader-supplied guide when detailed warnings matter.
These notes are inferred from available catalog information and may not be complete. Check a publisher or reader-supplied guide if you need comprehensive warnings.
Dark tone · Measured pace
A comfortable full-length choice for steady daily reading.
A good fit if…
Readers who want a thoughtful experience and enjoy noticing the connections beneath a book’s surface story.
This book's DNA
A visual estimate based on this edition's categories, description, and length. Select a star to explore the signals.
This signal is descriptive, not a rating. It helps compare the kind of reading experience this edition may offer.
Spoiler-Free Emotional Arc
A broad estimate of the book’s emotional rhythm, shown without story events or outcomes.
This visualization is an interpretive estimate based on catalog description, categories, tone, pace, and content signals. It does not describe specific scenes.
A quick reading snapshot
Edition facts and catalog signals to help you decide whether this book fits what you want to read next.
- ISBN-13
- 978-0-1993-9856-0
- Language
- English
- Edition record
- OL27223524M
A more thoughtful way into this book
This guide uses the edition details and category signals above to help you choose deliberately. It does not replace the author's work or a full review.
A comfortable full-length choice for steady daily reading.
Begin with its place in Nonfiction, then notice where the book resists that label.
Read for connection, not completion.
Mark one passage that sharpens the book's central concern and one that complicates it. That tension often reveals more than a quick summary.
Three questions to carry with you
- Whose perspective organizes the story, and whose perspective remains outside it?
- Which sources or lived experiences carry the author’s central argument?
- How does the book change the way you understand its larger subject?
Editorial framework by Wesley Bryan, BookenDeX Founder and Editor.
More Nonfiction books
These matches combine shared categories with author, publication-era, and reading-length signals.
A Theological Journey
by O.S.B. Ghislain Lafont
Why it fits: shares Nonfiction, a similar reading length, a similar publication era.
Alone In Vietnam
by Robert B Boyd Jr
Why it fits: shares Nonfiction, a similar reading length, a similar publication era.
Fusarium Mycotoxins
by Anne E. Desjardins
Why it fits: shares Nonfiction, a similar reading length, a similar publication era.
Global Politics of Defense Reform (Initiatives in Strategic Studies: Issues and Policies)
by Thomas Bruneau, Harold Trinkunas
Why it fits: shares Nonfiction, a similar reading length, a similar publication era.
Human Nature in Politics (Dodo Press)
by Graham Wallas
Why it fits: shares Nonfiction, a similar reading length, a similar publication era.
In Defense of Globalization
by Jagdish Bhagwati
Why it fits: shares Nonfiction, a similar reading length, a similar publication era.