Customer Quote by John C. Bogle
““So please don't forget that considering the probabilities of future returns only begins the decision-making process. Decisions have consequences. If the consequences of being badly wrong about future returns would imperil your financial future, be conservative.””
About This Quote
Source Book: Common Sense on Mutual Funds, 1999
Financial decisions should start with realistic return expectations; being overly optimistic can jeopardize financial security.
In simple terms: Start decisions with realistic return estimates.
Key Takeaway
Be conservative with uncertain returns.
Themes
finance
risk management
investment strategy
Mood
cautious
pragmatic
Type
financial
educational
When to use this quote
- personal finance
- portfolio planning
- retirement saving
Key Concepts
probability
future returns
consequences
Questions to Reflect On
- What assumptions underlie your return forecasts?
- How much risk can you truly bear?
A Different Perspective
Over‑confidence can lead to catastrophic losses.
