QUOTES by John C. Bogle
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I'm not sure I really am an entrepreneur. I'm not much of a businessman. I know I'm not a marketing guy. I do have an entrepreneurial lineage, though.
Quote by -John C. Bogle
Regardless of what happens in the markets, stick to your investment program. Changing your strategy at the wrong time can be the single most devastating mistake you can make as an investor.
Quote by -John C. Bogle
There is almost no limit to the ability of investors to ignore the lessons of the past.
Quote by -John C. Bogle
They were tough times and I started working when I was 10 years old, delivering papers and eventually becoming a waiter.
Quote by -John C. Bogle
The long-term focus of index funds is a much needed counterweight to the short-termism favored by so many market participants.
Quote by -John C. Bogle
I almost hate to say how proud I am of my career and, most of all, helping folks get the returns they deserve.
Quote by -John C. Bogle
I learned you work for what you get, and I feel sorry for people who haven't had that upbringing.
Quote by -John C. Bogle
Central to the effective functioning of early capitalism was the fundamental principle of trusting and being trusted.
Quote by -John C. Bogle
I would always advise young people to follow their star - not my star. They have to live their own life. If they decide they want to go into the investment business, do it, but make it a better business than it is today.
Quote by -John C. Bogle
I don't like going into stores, I don't like the whole process of buying things.
Quote by -John C. Bogle
With actively managed funds, people have big behavior problems. With funds that have done well, they put their money in, and when it has done bad, they want to take it out.
Quote by -John C. Bogle
Entrepreneurs or international conglomerateurs, or large financial institutions buy or create mutual fund management companies to create a return on their own capital. It's capitalism at work, where the rewards tend to go to the managers rather than the investors.
Quote by -John C. Bogle
There's no perfection in family life, and certainly we aren't perfect, but we're probably about as close as we can be.
Quote by -John C. Bogle
We must work to establish a 'fiduciary society,' where manager/agents entrusted with managing other people's money are required - by federal statute - to place front and center the interests of the owners they are duty-bound to serve.
Quote by -John C. Bogle
What we need is congressional action to establish a federal principle of fiduciary duty - encapsulated by the phrase 'no man can serve two masters.'
Quote by -John C. Bogle
I've usually used the phrase 'stay the course' as one of the great rules of investment success.
Quote by -John C. Bogle
If the job of capitalism is to create wealth for those who put up the capital, no fund group comes close to Vanguard's success in serving its owners. So we're probably as far away from communism as is realistically possible.
Quote by -John C. Bogle
When you're young, you've got plenty of time to recover from your mistakes.
Quote by -John C. Bogle
It seems to me - particularly for these retirement-plan investors, the vast majority of whom are not particularly financially sophisticated - by far the best way is to invest in index funds.
Quote by -John C. Bogle
My favourite holdings are Vanguard's Wellington Fund, a balanced mutual fund which is a legacy investment from my first career at Wellington Management Co., and the Vanguard 500 Index Fund.
Quote by -John C. Bogle
There is no country like the United States, with its diversified industrial base, technology leadership, innovation and strong pressure to build companies to make them grow.
Quote by -John C. Bogle
My incentive in starting Vanguard, I'm very blunt about this, it was my means of preserving my career. That's a very selfish thing.
Quote by -John C. Bogle
I spend about half of my time wondering why I have so much in stocks and about half wondering why I have so little.
Quote by -John C. Bogle
The average hedge fund manager is going to earn zero per cent in extra return.
Quote by -John C. Bogle
I think high turnover is definitively the investor's enemy, so you don't want to bring a high-turnover philosophy to this business. You want to have a long-term philosophy.
Quote by -John C. Bogle
At the beginning of my sophomore year at Princeton University, I took my first economics course; our textbook was the first edition of Samuelson's 'Economics: An Introductory Analysis.'
Quote by -John C. Bogle
Diversification has been, and balance, like Wellington, has been so drummed into me, it's part of my personality.
Quote by -John C. Bogle
We make too much out of past performance, and it's very misleading to investors. It causes them to move money around. They buy a fund that's hot and then it turns cold as all hot funds eventually do. And then they get out. Well, buying at the high and selling at the low isn't going to leave you a satisfied shareholder, right?
Quote by -John C. Bogle
The basic idea of retirement income is, to me, to get a check, two checks every month, one from your fixed income and one from equity account. And you want them to grow over time.
Quote by -John C. Bogle
The reality of life is, if you have a bagel shop and everybody is pouring into the doughnut shop across the street, if you want to stay in business, you start selling doughnuts.
Quote by -John C. Bogle
I like Burton Malkiel's 'A Random Walk Down Wall Street.' He comes to the same conclusion that I do - that indexing is the way. My 'Little Book of Common Sense Investing' says pretty much the same thing.
Quote by -John C. Bogle
I tend to give to those who have helped me along the road of life: Blair Academy, Princeton University, our church, and several hospitals that got me here in one piece. On the community side, I've always been a big supporter of the United Way.
Quote by -John C. Bogle