Quote

Don't look for the needle in the haystack. Just buy the haystack!

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
Haystack
Needle
Needles
Investment
Look
Looks

More quotes by John C. Bogle

Image
Sure there are some companies at the margins of our society that probably do that and I think we all have the responsibility as consumers and as investors to avoid them like the plague. If we do, they won't last very long. Doing what's right is the only possible formula for long-term - I emphasize long term - business success.
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
If your fund doesn't last for the long term, how can you invest for the long term?
John C. Bogle
Image
The principal role of the mutual fund is to serve its investors.
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
Hint: money flows into most funds after good performance, and goes out when bad performance follows.
John C. Bogle
Image
The transfer of Wall Street from private ownership to public ownership has been a big step backward.
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
Reversion to the mean is the iron rule of the financial markets.
John C. Bogle
Image
On balance, the financial system subracts value from society
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
The business has some problems, substantial problems. You go fix it, you young people. That's what you're there for. Don't believe what the old generation tells you. We don't know a damn thing, including Bogle.
John C. Bogle
Image
I think it's gone much too far. Most of them are not worth the powder to blow them to hell.
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
Index funds eliminate the risks of individual stocks, market sectors, and manager selection. Only stock market risk remains.
John C. Bogle
Image
Corporate leaders surely have their problems, I believe that most CEOs are doing their best to hew to the ethical line. The problem is that that line has gotten blurred and that our moral standard seems to be if everybody else is doing it, it's okay. That's not good enough for me.
John C. Bogle
Image
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
Image
The mutual fund industry has been built, in a sense, on witchcraft.
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
While I haven't read economist Robin Hahnel's work, replacing capitalism would be at the very bottom of my list of priorities - to be considered only after everything else had been tried. Improving our capitalistic system however, is at the top of my list and is of course the major theme of The Battle for the Soul of Capitalism.
John C. Bogle