Quote

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

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
Lowest
Sweat
Capital
Income
Taxed
Gains
Brow
Rate
Brows
Highest
Rates
Higher
Earned

More quotes by John C. Bogle

Image
Hint: money flows into most funds after good performance, and goes out when bad performance follows.
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
Reversion to the mean is the iron rule of the financial markets.
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
I believe that the behavior of too many of our corporations investment bankers and fund managers has jeopardized some of the trust that investors have had. It's not the economic engine that we need to focus on, but the need to make sure that our investors receive their fair share of the returns that that great economic system produces.
John C. Bogle
Image
The miracle of compounding returns has been overwhelmed by the tyranny of compounding costs.
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
If you have trouble imagining a 20% loss in the stock market, you shouldn't be in stocks.
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
If it is hard to imagine that 20% of losses on the stock market, you should never participate
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
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
Fund investors are confident that they can easily select superior fund managers. They are wrong.
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
Don't look for the needle in the haystack. Just buy the haystack!
John C. Bogle
Image
Capitalism is not a Ponzi scheme. Capitalism is a scheme of free markets.
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
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
I will create value for society, rather than extract it.
John C. Bogle