Quote

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

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
Wrong
Whereas
Firsts
Allows
First
Leads
Way
Investment
Emotions
Picture
Gets
Emotion
Speculation

More quotes by John C. Bogle

Image
The miracle of compounding returns has been overwhelmed by the tyranny of compounding costs.
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
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
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
Image
Hint: money flows into most funds after good performance, and goes out when bad performance follows.
John C. Bogle
Image
If you have trouble imagining a 20% loss in the stock market, you shouldn't be in stocks.
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 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
Investing is not nearly as difficult as it looks. Successful investing involves doing a few things right and avoiding serious mistakes.
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
The transfer of Wall Street from private ownership to public ownership has been a big step backward.
John C. Bogle
Image
The principal role of the mutual fund is to serve its investors.
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
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.
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
I believe that the mutual fund industry's biggest shortcoming is too much focus on the momentary price of a stock - an illusion - and too little focus on the intrinsic value of the corporation - the ultimate reality. I'm comforted by the fact that Warren Buffett feels the same way.
John C. Bogle
Image
If the data do not prove that indexing wins, well, the data are wrong.
John C. Bogle
Image
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
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
Image
I will create value for society, rather than extract it.
John C. Bogle