Fund investors are confident that they can easily select superior fund managers. They are wrong. — John C. Bogle Copy Share Image
The returns we read about in the industry sales literature vastly diminish when we move from the theoretical world of market indexes… — John C. Bogle Copy Share Image
I think average investors should not trade a lot. The evidence is overpowering. The more you trade, the less you earn. — John C. Bogle Copy Share Image
The grim irony of investing, then, is that we investors as a group not only don't get what we pay for, we… — John C. Bogle Copy Share Image
The relationship between executive CEO pay, stock performance is tenuous and not easily unscrambled, just one of myriad factors that affect the… — John C. Bogle Copy Share Image
Hint: money flows into most funds after good performance, and goes out when bad performance follows. — John C. Bogle Copy Share Image
In the long run, investing is not about markets at all. Investing is about enjoying the returns earned by businesses. — John C. Bogle Copy Share Image
“Owning the stock market over the long term is a winner's game, but attempting to beat the market is a loser's game.” — John C. Bogle Copy Share Image
We have moved from treating funds as investment trusts designed to serve their owner-beneficiaries to treating funds as consumer products, designed to… — John C. Bogle Copy Share Image
Well, bitcoin is a currency. Bitcoin has no underlying rate of return. You know, bonds have an interest coupon. Stocks have earnings… — John C. Bogle Copy Share Image
But whatever the consensus on the EMH, I know of no serious academic, professional money manager, trained security analyst, or intelligent individual… — John C. Bogle Copy Share Image
I liked the so-called Volcker Rule. I would have separated investment banking and commercial, deposit banking, as we did under the Glass-Steagal… — John C. Bogle Copy Share Image
My favourite holdings are Vanguard's Wellington Fund, a balanced mutual fund which is a legacy investment from my first career at Wellington… — John C. Bogle Copy Share Image
Your success in investing will depend in part on your character and guts, and in part on your ability to realize at… — John C. Bogle Copy Share Image
The culture of the mutual fund industry, when I came into it in 1951, was pretty much a culture of fiduciary duty… — John C. Bogle Copy Share Image
Entrepreneurs or international conglomerateurs, or large financial institutions buy or create mutual fund management companies to create a return on their own… — John C. Bogle Copy Share Image
The multiple failings of our flawed financial sector are jeopardizing, not only the retirement security of our nation's savers but the economy… — John C. Bogle Copy Share 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 Copy Share 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 Copy Share Image
There no longer can be any doubt that the creation of the first index mutual fund was the most successful innovation -… — John C. Bogle Copy Share Image
I would advise someone who has just retired to be something in the broad range of 50/50 stocks and bonds. — John C. Bogle Copy Share Image
Index funds eliminate the risks of individual stocks, market sectors, and manager selection. Only stock market risk remains. — John C. Bogle Copy Share Image
As I have said before, the daily machinations of the stock market are like a tale told by an idiot, full of… — John C. Bogle Copy Share Image
The market is often stupid, but you can't focus on that. Focus on the underlying value of dividends and earnings. — John C. Bogle Copy Share Image
The grim irony of investing is that we investors as a group not only don't get what we pay for, we get… — John C. Bogle Copy Share Image
Surprise! The returns reported by mutual funds aren't actually earned by mutual fund investors. — John C. Bogle Copy Share Image
"Now you can trade the S&P 500 Index in real time" was the slogan in the newspapers for the first ETF. What… — John C. Bogle Copy Share 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 Copy Share Image
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… — John C. Bogle Copy Share Image
It's 1450 out of 1500 ETF funds that I just wouldn't touch because they're not diversified enough. Or they have some huge… — John C. Bogle Copy Share Image
Regardless of what happens in the markets, stick to your investment program. Changing your strategy at the wrong time can be the… — John C. Bogle Copy Share Image
It seems to me - particularly for these retirement-plan investors, the vast majority of whom are not particularly financially sophisticated - by… — John C. Bogle Copy Share Image
We are facing incredible challenges in the economy of the U.S. and the economy of the globe, but the stock market, we… — John C. Bogle Copy Share Image
Successful investing is about owning businesses and reaping the huge rewards provided by the dividends and earnings growth of our nation's -… — John C. Bogle Copy Share Image
I believe that the mutual fund industry's biggest shortcoming is too much focus on the momentary price of a stock - an… — John C. Bogle Copy Share Image
When our financial system - essentially our money managers, marketers of investment products and stockbrokers - put up zero percent of the… — John C. Bogle Copy Share Image
In investing, you get what you don't pay for. Costs matter. So intelligent investors will use low-cost index funds to build a… — John C. Bogle Copy Share Image
I like Burton Malkiel's 'A Random Walk Down Wall Street.' He comes to the same conclusion that I do - that indexing… — John C. Bogle Copy Share 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… — John C. Bogle Copy Share Image
If you were to just design the perfect retirement plan, you would own the stock market or you would own the bond… — John C. Bogle Copy Share Image
The basic idea of retirement income is, to me, to get a check, two checks every month, one from your fixed income and one… — John C. Bogle Copy Share
When you're young, you've got plenty of time to recover from your mistakes. — John C. Bogle Copy Share
I almost hate to say how proud I am of my career and, most of all, helping folks get the returns they deserve. — John C. Bogle Copy Share
The Vanguard Experiment was designed to prove that mutual funds could operate independently, and do so in a manner that would directly benefit their… — John C. Bogle Copy Share
“An investment in knowledge always pays the best interest. Learning is to the Studious, and Riches to the Careful. If a man empties his… — John C. Bogle Copy Share
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… — John C. Bogle Copy Share
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… — John C. Bogle Copy Share
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… — John C. Bogle Copy Share
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… — John C. Bogle Copy Share
I was born in an earlier generation and, as a group, my classmates at Blair Academy and Princeton University were as ethical, straightforward, and… — John C. Bogle Copy Share
Successful investing is about owning businesses and reaping the huge rewards provided by the dividends and earnings growth of our nation's - and, for… — John C. Bogle Copy Share
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… — John C. Bogle Copy Share
The average hedge fund manager is going to earn zero per cent in extra return. — John C. Bogle Copy Share
