Customer Quote by John C. Bogle
“Fund investors are confident that they can easily select superior fund managers. They are wrong.”
About This Quote
Source Book: Common Sense on Mutual Funds, John C. Bogle, 1999
Investors overestimate their ability to pick top-performing managers, leading to poor decisions.
In simple terms: People think they can pick the best funds, but they usually cannot.
Question your confidence in manager selection.
Themes
Mood
Type
When to use this quote
- retirement planning
- portfolio construction
- advisor selection
Key Concepts
Questions to Reflect On
- How do you verify a manager's track record?
- What alternative strategies can reduce selection risk?
Skill identification is difficult and often illusory.