Quote

On balance, the financial system subracts value from society

John C. Bogle

Change background

T
T
T

Change font

TAGS & TOPICS

John C. Bogle
Age: 89 †
Born: 1929
Born: May 8
Died: 2019
Died: January 16
Economist
Financier
Investor
Montclair Township
John Clifton Jack Bogle
Jack Bogle
Society
Values
Financial
Balance
Value
System

More quotes by John C. Bogle

Image
I will create value for society, rather than extract it.
John C. Bogle
Image
Time is your friend impulse is your enemy.
John C. Bogle
Image
If the data do not prove that indexing wins, well, the data are wrong.
John C. Bogle
Image
If it is hard to imagine that 20% of losses on the stock market, you should never participate
John C. Bogle
Image
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
Image
Reversion to the mean is the iron rule of the financial markets.
John C. Bogle
Image
Index funds eliminate the risks of individual stocks, market sectors, and manager selection. Only stock market risk remains.
John C. Bogle
Image
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.
John C. Bogle
Image
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
Image
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
Image
In the long run, investing is not about markets at all. Investing is about enjoying the returns earned by businesses.
John C. Bogle
Image
Fund investors are confident that they can easily select superior fund managers. They are wrong.
John C. Bogle
Image
Among my greatest disappointments about the mutual fund industry - in addition to excessive costs and excessive focus on the short-term - is that fund managers have been passive participants in corporate governance.
John C. Bogle
Image
Don't look for the needle in the haystack. Just buy the haystack!
John C. Bogle
Image
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.
John C. Bogle
Image
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
Image
The miracle of compounding returns has been overwhelmed by the tyranny of compounding costs.
John C. Bogle
Image
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
Image
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
Image
If you're very talented and keep winning, you'll do just fine. It may take a while. But the talent is hard to identify and talent is hard to tell from luck. There's an awful lot of luck in this business. Past performance is not helpful in judging future performance.
John C. Bogle