Customer Quote by John C. Bogle
“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.”
About This Quote
Source Book: Common Sense on Mutual Funds by John C. Bogle, 1999
Fund managers often stay passive, neglecting their duty to influence corporate decisions, which harms shareholders and society.
In simple terms: Passive managers ignore corporate governance.
Key Takeaway
Demand active, responsible stewardship.
Themes
corporate governance
investment
shareholder rights
Mood
critical
thoughtful
Type
analytical
inspirational
When to use this quote
- shareholder meetings
- proxy voting
- board elections
- investment policy
Key Concepts
fiduciary duty
agency theory
Questions to Reflect On
- Should investors prioritize governance over returns?
- How can passive funds improve governance without higher fees?
A Different Perspective
Active engagement may increase costs and complexity.
