Customer Quote by John C. Bogle
“The mutual fund industry has been built, in a sense, on witchcraft.”
About This Quote
Source Book: Common Sense on Mutual Funds, 1999
The mutual‑fund sector relies on opaque, almost magical practices, lacking transparent, rational foundations.
In simple terms: Mutual funds seem like witchcraft.
Demand transparency and simplicity.
Themes
Mood
Type
When to use this quote
- retirement planning
- personal finance
- advisor selection
- market analysis
Key Concepts
Questions to Reflect On
- What reforms could demystify funds?
- How can investors protect themselves?