Business Quote by John C. Bogle
“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 want to have a long-term philosophy.”
About This Quote
Source Speech: Annual Shareholder Meeting, Vanguard, 1995
High employee turnover harms investors because it raises costs and disrupts strategy; stable, long‑term thinking aligns with investor interests.
In simple terms: Turnover hurts investors; aim for stability.
Key Takeaway
Adopt long‑term, low‑turnover policies.
Themes
business
investment
leadership
stability
Mood
thoughtful
strategic
Type
advisory
philosophical
When to use this quote
- company hiring
- team building
- strategic planning
- investment decisions
Key Concepts
human capital
risk management
culture
Questions to Reflect On
- How can firms balance low turnover with fresh ideas?
- What incentives reduce turnover without stifling change?
A Different Perspective
Long‑term stability may conflict with needed innovation or market adaptation.
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