John C. Bogle famous quotes

Last updated: Sep 5, 2024

The mutual fund industry has been built, in a sense, on witchcraft.
-- John C. Bogle

#Mutual Fund #Witchcraft #Fund
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.
-- John C. Bogle

#Sweat #Income #Gains
My biggest prediction for the future is that people are going to start looking after individual investors.
-- John C. Bogle

#People #Individual #Predictions
So the misplaced assumption is that we have this whole new institutional element where these [financial] institutions are looking after their own financial interests before the financial interests of the principals, princi-pals whose interests they are really bound to observe first.
-- John C. Bogle

#Pals #Elements #Firsts
The transfer of Wall Street from private ownership to public ownership has been a big step backward.
-- John C. Bogle

#Wall #Steps #Ownership
In Las Vegas we all know that it's the croupiers who win. At the race track, it's those who control the handle who win. State lotteries, does anybody think the participants in the lottery win? No. The state wins.
-- John C. Bogle

#Winning #Thinking #Vegas
Ask yourself: Am I an investor, or am I a speculator? An investor is a person who owns business and holds it forever and enjoys the returns that U.S. businesses, and to some extent global businesses, have earned since the beginning of time. Speculation is betting on price. Speculation has no place in the portfolio or the kit of the typical investor.
-- John C. Bogle

#Forever #Typical #Return
Speculation leads you the wrong way. It allows you to put your emotions first, whereas investment gets emotions out of the picture.
-- John C. Bogle

#Way #Firsts #Emotion
We are facing incredible challenges in the economy of the U.S. and the economy of the globe, but the stock market, we never know whether it's over-discounted or under-discounted or got exactly right its anticipation.
-- John C. Bogle

#Challenges #Anticipation #Incredibles
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.
-- John C. Bogle

#Numbers #Long #Want
The mistakes we make as investors is when the market's going up, we think it's going to go up forever. When the market goes down, we think it's going to go down forever. Neither of those things actually happen. Doesn't do anything forever. It's by the moment.
-- John C. Bogle

#Mistake #Thinking #Forever
The courage to press on regardless--regardless of whether we face calm seas or rough seas, and especially when the market storms howl around us--is the quintessential attribute of the successful investor.
-- John C. Bogle

#Successful #Sea #Storm
The principal role of the mutual fund is to serve its investors.
-- John C. Bogle

#Roles #Mutual Fund #Investors
Yes, the investor is often his own worst enemy. Yes, the marketing colossus known as the mutual fund industry provides the weaponry which enables investors' to indulge their suicidal instincts. No, the fund industry was hardly an innocent bystander in the market boom and the subsequent carnage. "We have met the enemy and he is us" . . . all of us.
-- John C. Bogle

#Suicidal #Bystanders #Marketing
If the data do not prove that indexing wins, well, the data are wrong.
-- John C. Bogle

#Winning #Data #Wells
I will create value for society, rather than extract it.
-- John C. Bogle

#Values
It's amazing how difficult it is for a man to understand something if he's paid a small fortune not to understand it.
-- John C. Bogle

#Men #Fortune #Difficult
Don't look for the needle in the haystack. Just buy the haystack!
-- John C. Bogle

#Looks #Needles
If you have trouble imagining a 20% loss in the stock market, you shouldn't be in stocks.
-- John C. Bogle

#Money #Loss #Trouble
We need a mutual fund industry with both vision and values; a vision of fiduciary duty and shareholder service, and values rooted in the proven principles of long-term investing and of trusteeship that demands integrity in serving our clients.
-- John C. Bogle

#Integrity #Long #Vision
The miracle of compounding returnsÂ is overwhelmed by the tyranny of compounding costs.
-- John C. Bogle

#Miracle #Cost #Return
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.
-- John C. Bogle

#Groups #Investing #Pay
Time is your friend; impulse is your enemy.
-- John C. Bogle

#Enemy #Impulse
Reversion to the mean is the iron rule of the financial markets.
-- John C. Bogle

#Mean #Iron #Financial
On balance, the financial system subracts value from society
-- John C. Bogle

#Balance #Financial #Values
Rely on the ordinary virtues that intelligent, balanced human beings have relied on for centuries: common sense, thrift, realistic expectations, patience, and perseverance.
-- John C. Bogle

#Motivational #Perseverance #Intelligent

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