John C. Bogle Quotes
Investing is not nearly as difficult as it looks. Successful investing involves doing a few things right and avoiding serious mistakes.
Index funds eliminate the risks of individual stocks, market sectors, and manager selection. Only stock market risk remains.
The mutual fund industry has been built, in a sense, on witchcraft.
Rely on the ordinary virtues that intelligent, balanced human beings have relied on for centuries: common sense, thrift, realistic expectations, patience, and perseverance.
The historical data support one conclusion with unusual force: To invest with success, you must be a long-term investor.
In the long run, investing is not about markets at all. Investing is about enjoying the returns earned by businesses.
The miracle of compounding returns has been overwhelmed by the tyranny of compounding costs.
Speculation leads you the wrong way. It allows you to put your emotions first, whereas investment gets emotions out of the picture.
If you have trouble imagining a 20% loss in the stock market, you shouldn't be in stocks.
You know the rule of 72, divide the number into 72, any number you want, and that's how long it will take your money to double.
It's amazing how difficult it is for a man to understand something if he's paid a small fortune not to understand it.
Surprise! The returns reported by mutual funds aren't actually earned by mutual fund investors.
Your success in investing will depend in part on your character and guts, and in part on your ability to realize at the height of ebullience and the depth of despair alike that this too shall pass.
My biggest prediction for the future is that people are going to start looking after individual investors.
Fund investors are confident that they can easily select superior fund managers. They are wrong.
Income earned by the sweat of your brow should be taxed at the lowest rates, not the highest. Capital gains should be taxed at a higher rate.
Successful investing is about owning businesses and reaping the huge rewards provided by the dividends and earnings growth of our nation's - and, for that matter, the world's - corporations.
The grim irony of investing, then, is that we investors as a group not only don't get what we pay for, we get precisely what we don't pay for. So if we pay for nothing, we get everything.
The transfer of Wall Street from private ownership to public ownership has been a big step backward.
The multiple failings of our flawed financial sector are jeopardizing, not only the retirement security of our nation's savers but the economy in which our entire society participates.
Hint: money flows into most funds after good performance, and goes out when bad performance follows.
If it is hard to imagine that 20% of losses on the stock market, you should never participate
"Now you can trade the S&P 500 Index in real time" was the slogan in the newspapers for the first ETF. What kind of nut would do that?
I'm not an expert on Islam, but I think there are lots of noble religions whose basic principles could stand considerably more observation in the world of business.
The relationship between executive CEO pay, stock performance is tenuous and not easily unscrambled, just one of myriad factors that affect the price of a stock.
The returns we read about in the industry sales literature vastly diminish when we move from the theoretical world of market indexes to the real world of actually investing.
I think we all ought to be careful about too much generalization on this issue, even as I confess to painting with a pretty broad brush myself!