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Customer Quotes by John C. Bogle

70 Customer quotes by John C. Bogle

All Customer quotes John C. Bogle’s page

John C. Bogle warns that investors chase hot funds and ignore the real cost of ownership. He says most market segments eventually return to average performance, so chasing superiority rarely works. He doubts impact investing’s power because the money changes hands without helping the company.

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Mutual funds with superior performance records often falter.

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The mutual fund industry has been built, in a sense, on witchcraft.

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The stock market is a giant distraction to the business of investing.

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Successful investing is all about common sense.

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I don't see any magic in hedge funds.

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Wise investors won't try to outsmart the market.

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The principal role of the mutual fund is to serve its investors.

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Reversion to the mean is the iron rule of the financial markets.

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Fund investors are confident that they can easily select superior fund managers. They are wrong.

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If your fund doesn't last for the long term, how can you invest for the long term?

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If you have trouble imagining a 20% loss in the stock market, you shouldn't be in stocks.

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The long-term focus of index funds is a much needed counterweight to the short-termism favored by so many market participants.

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Have rational expectations for future returns and avoid changing those expectations in response to the ephemeral noise coming from Wall Street.

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What indexing does is neutralize a large part of the stock market. There's no trading in those stocks, or almost none.

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If it is hard to imagine that 20% of losses on the stock market, you should never participate

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The historical data support one conclusion with unusual force: To invest with success, you must be a long-term investor.

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I liked the so-called Volcker Rule. I would have separated investment banking and commercial, deposit banking, as we did under the Glass-Steagal…

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While the interests of the business are served by the aphorism 'Don't just stand there. Do something!' the interests of investors are…

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We have moved from treating funds as investment trusts designed to serve their owner-beneficiaries to treating funds as consumer products, designed to…

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It's very difficult for any particular segment of the stock market to sustain superior performance. The watch word for our financial markets…

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Among my greatest disappointments about the mutual fund industry - in addition to excessive costs and excessive focus on the short-term -…

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Net return is simply the gross return of your investment portfolio less the costs you incur. Keep your investment expenses low, for…

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With actively managed funds, people have big behavior problems. With funds that have done well, they put their money in, and when…

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I think high turnover is definitively the investor's enemy, so you don't want to bring a high-turnover philosophy to this business. You…

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The idea that a bell rings to signal when investors should get into or out of the stock market is simply not…

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Working for company X and having a substantial portion of your retirement plan in company X is simply exposing yourself to too…

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Ask yourself: Am I an investor, or am I a speculator? An investor is a person who owns business and holds it…

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But whatever the consensus on the EMH, I know of no serious academic, professional money manager, trained security analyst, or intelligent individual…

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The general systems of money management today require people to pretend to do something they can't do and like something they don't.…

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Yes, the investor is often his own worst enemy. Yes, the marketing colossus known as the mutual fund industry provides the weaponry…

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Sure there are some companies at the margins of our society that probably do that and I think we all have the…

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The fund scandals shined the spotlight on the fact that mutual fund managers were putting their interests ahead of the fund shareholders…

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The stock market is a giant distraction from the business of investing.

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The index fund always gives you the market return.

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The grim irony of investing is that we investors as a group not only don't get what we pay for, we get…

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The market is often stupid, but you can't focus on that. Focus on the underlying value of dividends and earnings.

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Invest as efficiently as you can, using low-cost funds that can be bought and held for a lifetime.

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"Now you can trade the S&P 500 Index in real time" was the slogan in the newspapers for the first ETF. What…

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Surprise! The returns reported by mutual funds aren't actually earned by mutual fund investors.

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The transfer of Wall Street from private ownership to public ownership has been a big step backward.

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More by John C. Bogle

The basic idea of retirement income is, to me, to get a check, two checks every month, one from your fixed income and one…

When you're young, you've got plenty of time to recover from your mistakes.

I almost hate to say how proud I am of my career and, most of all, helping folks get the returns they deserve.

The Vanguard Experiment was designed to prove that mutual funds could operate independently, and do so in a manner that would directly benefit their…

“An investment in knowledge always pays the best interest. Learning is to the Studious, and Riches to the Careful. If a man empties his…

I liked the so-called Volcker Rule. I would have separated investment banking and commercial, deposit banking, as we did under the Glass-Steagal Act. I…

We make too much out of past performance, and it's very misleading to investors. It causes them to move money around. They buy a…

It's very difficult for any particular segment of the stock market to sustain superior performance. The watch word for our financial markets is, "reversion…

I do think that impact investing is not that effective. Shares go from investor A to investor B, and the company doesn't even know…

I was born in an earlier generation and, as a group, my classmates at Blair Academy and Princeton University were as ethical, straightforward, and…

My only regret about money is that I don't have more to give away.

U.S. companies are innovative and entrepreneurial.

Successful investing is about owning businesses and reaping the huge rewards provided by the dividends and earnings growth of our nation's - and, for…

Without getting into brothels, there are ethical capitalists the problem is that there aren't enough of them. It is not "just a few bad…

The average hedge fund manager is going to earn zero per cent in extra return.