--- title: "Meaning & Key Takeaway of: Well, I like regulation as little as…" description: "\"Well, I like regulation as little as anybody else. It can be intrusive. It can be detailed. It can be bureaucratic. It can be unevenly administered. It..." image: "https://sms4smile.com/quotes/i/c95/john-c-bogle-2199_mutual-funds_well-i-like-regulation-as-little-as-anyb_749923.jpg" --- # Well, I like regulation as little as anybody else. It can… ![“Well, I like regulation as little as anybody else. It can be intrusive. It can be detailed. It can be bureaucratic. It can be unevenly administered. It can be unfair. But most regulations that we have for mutual funds and for banks are regulations that we earned. We did something wrong and we're…” quote by John C. Bogle](https://sms4smile.com/quotes/i/c95/john-c-bogle-2199_mutual-funds_well-i-like-regulation-as-little-as-anyb_749923.jpg) [Download](https://sms4smile.com/quotes/i/c95/john-c-bogle-2199_mutual-funds_well-i-like-regulation-as-little-as-anyb_749923.jpg) [Open image](https://sms4smile.com/quotes/i/c95/john-c-bogle-2199_mutual-funds_well-i-like-regulation-as-little-as-anyb_749923.jpg) > “Well, I like regulation as little as anybody else. It can be intrusive. It can be detailed. It can be bureaucratic. It can be unevenly administered. It can be unfair. But most regulations that we have for mutual funds and for banks are regulations that we earned. We did something wrong and we're paying a price for it.” [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Regulation, though often intrusive, is justified when it corrects past misconduct; it reflects accountability for financial institutions. **In simple terms:** Regulation is necessary when it fixes past wrongs. Key Takeaway Accept regulation as a corrective tool. Themes finance ethics accountability regulation Mood analytical critical Type explanatory thoughtful When to use this quote - investment decisions - policy analysis - corporate governance Key Concepts market oversight consumer protection Questions to Reflect On - What balance should exist between oversight and freedom? - How does regulation affect market confidence? A Different Perspective Over‑regulation can stifle innovation. ★ ★ ★ ★ ★ No ratings yet [Like Regulation](https://sms4smile.com/quotes/about/like-regulation-5836789/) [Mutual funds](https://sms4smile.com/quotes/about/mutual-funds/) [Regulation](https://sms4smile.com/quotes/about/regulation/) [Regulation Little](https://sms4smile.com/quotes/about/regulation-little-5836790/) [Something](https://sms4smile.com/quotes/about/something/) [Unfair](https://sms4smile.com/quotes/about/unfair/) [Unfair Regulations](https://sms4smile.com/quotes/about/unfair-regulations-5836791/) [Wrong](https://sms4smile.com/quotes/about/wrong/) ## Related quotes > [Surprise! The returns reported by mutual funds aren't actually earned by mutual fund investors.](https://sms4smile.com/quotes/john-c-bogle/surprise-the-returns-reported-by-mutual-funds-aren-t-actually-earned/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [The Vanguard Experiment was designed to prove that mutual funds could operate independently, and do so in a manner that would directly benefit their…](https://sms4smile.com/quotes/john-c-bogle/the-vanguard-experiment-was-designed-to-prove-that-mutual-funds-could/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [I've been studying mutual funds since 1949, when I began researching my senior thesis at Princeton University.](https://sms4smile.com/quotes/john-c-bogle/i-ve-been-studying-mutual-funds-since-1949-when-i-began-researching/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [Without getting into brothels, there are ethical capitalists the problem is that there aren't enough of them. It is not "just a few bad…](https://sms4smile.com/quotes/john-c-bogle/without-getting-into-brothels-there-are-ethical-capitalists-the/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [The general systems of money management today require people to pretend to do something they can't do and like something they don't. It's a…](https://sms4smile.com/quotes/john-c-bogle/the-general-systems-of-money-management-today-require-people-to-2/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [Our capitalistic scheme in the latter years of the 20th century seems to have lost its way. We've had a "pathalogical change" from traditional…](https://sms4smile.com/quotes/john-c-bogle/our-capitalistic-scheme-in-the-latter-years-of-the-20th-century-seems/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [We need a federal government commission to study the way our financial services system is working - I believe it is working badly -…](https://sms4smile.com/quotes/john-c-bogle/we-need-a-federal-government-commission-to-study-the-way-our/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [Mutual funds with superior performance records often falter.](https://sms4smile.com/quotes/john-c-bogle/mutual-funds-with-superior-performance-records-often-falter/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [Women tend to have a better track record in investing - when they invest - than men do, because they tend to take a…](https://sms4smile.com/quotes/sallie-krawcheck/women-tend-to-have-a-better-track-record-in-investing-when-they/) [Sallie Krawcheck](https://sms4smile.com/quotes/author/sallie-krawcheck/) > [There are tons of people who are late to trends by nature and adopt a trend after it's no longer in fashion. They exist…](https://sms4smile.com/quotes/jim-cramer/there-are-tons-of-people-who-are-late-to-trends-by-nature-and-adopt-a/) [Jim Cramer](https://sms4smile.com/quotes/author/jim-cramer/) > [“Driving back to Portland I’d puzzle over my sudden success at selling. I’d been unable to sell encyclopedias, and I’d despised it to boot.…](https://sms4smile.com/quotes/phil-knight/driving-back-to-portland-i-d-puzzle-over-my-sudden-success-at-selling/) [Phil Knight](https://sms4smile.com/quotes/author/phil-knight/) > [In the long run, a portfolio of well chosen stocks and/or equity mutual funds will always outperform a portfolio of bonds or a money-market…](https://sms4smile.com/quotes/peter-lynch/in-the-long-run-a-portfolio-of-well-chosen-stocks-and-or-equity/) [Peter Lynch](https://sms4smile.com/quotes/author/peter-lynch/) > [“Simply switching to home-brewed coffee will save you an average of $64.48 per month (or $2 per day) or $773.80 per year. By putting…](https://sms4smile.com/quotes/benjamin-p-hardy/simply-switching-to-home-brewed-coffee-will-save-you-an-average-of-64/) [Benjamin P. Hardy](https://sms4smile.com/quotes/author/benjamin-p-hardy/) > [Trust the Canadians to produce a game about mutual funds that is actually more boring than the real thing.](https://sms4smile.com/quotes/alex-berenson/trust-the-canadians-to-produce-a-game-about-mutual-funds-that-is/) [Alex Berenson](https://sms4smile.com/quotes/author/alex-berenson/) > [If you don't like the idea that most of the money spent on lottery tickets supports government programs, you should know that most of…](https://sms4smile.com/quotes/robert-kiyosaki/if-you-don-t-like-the-idea-that-most-of-the-money-spent-on-lottery/) [Robert Kiyosaki](https://sms4smile.com/quotes/author/robert-kiyosaki/) ## More by John C. Bogle > [The basic idea of retirement income is, to me, to get a check, two checks every month, one from your fixed income and one…](https://sms4smile.com/quotes/john-c-bogle/the-basic-idea-of-retirement-income-is-to-me-to-get-a-check-two/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [When you're young, you've got plenty of time to recover from your mistakes.](https://sms4smile.com/quotes/john-c-bogle/when-you-re-young-you-ve-got-plenty-of-time-to-recover-from-your/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [I almost hate to say how proud I am of my career and, most of all, helping folks get the returns they deserve.](https://sms4smile.com/quotes/john-c-bogle/i-almost-hate-to-say-how-proud-i-am-of-my-career-and-most-of-all/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [The Vanguard Experiment was designed to prove that mutual funds could operate independently, and do so in a manner that would directly benefit their…](https://sms4smile.com/quotes/john-c-bogle/the-vanguard-experiment-was-designed-to-prove-that-mutual-funds-could/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [“An investment in knowledge always pays the best interest. Learning is to the Studious, and Riches to the Careful. If a man empties his…](https://sms4smile.com/quotes/john-c-bogle/an-investment-in-knowledge-always-pays-the-best-interest-learning-is/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [I liked the so-called Volcker Rule. I would have separated investment banking and commercial, deposit banking, as we did under the Glass-Steagal Act. I…](https://sms4smile.com/quotes/john-c-bogle/i-liked-the-so-called-volcker-rule-i-would-have-separated-investment/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [We make too much out of past performance, and it's very misleading to investors. It causes them to move money around. They buy a…](https://sms4smile.com/quotes/john-c-bogle/we-make-too-much-out-of-past-performance-and-it-s-very-misleading-to/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [It's very difficult for any particular segment of the stock market to sustain superior performance. The watch word for our financial markets is, "reversion…](https://sms4smile.com/quotes/john-c-bogle/it-s-very-difficult-for-any-particular-segment-of-the-stock-market-to/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [I do think that impact investing is not that effective. Shares go from investor A to investor B, and the company doesn't even know…](https://sms4smile.com/quotes/john-c-bogle/i-do-think-that-impact-investing-is-not-that-effective-shares-go-from/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [I was born in an earlier generation and, as a group, my classmates at Blair Academy and Princeton University were as ethical, straightforward, and…](https://sms4smile.com/quotes/john-c-bogle/i-was-born-in-an-earlier-generation-and-as-a-group-my-classmates-at/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [My only regret about money is that I don't have more to give away.](https://sms4smile.com/quotes/john-c-bogle/my-only-regret-about-money-is-that-i-don-t-have-more-to-give-away/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [U.S. companies are innovative and entrepreneurial.](https://sms4smile.com/quotes/john-c-bogle/u-s-companies-are-innovative-and-entrepreneurial/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [Successful investing is about owning businesses and reaping the huge rewards provided by the dividends and earnings growth of our nation's - and, for…](https://sms4smile.com/quotes/john-c-bogle/successful-investing-is-about-owning-businesses-and-reaping-the-huge/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [Without getting into brothels, there are ethical capitalists the problem is that there aren't enough of them. It is not "just a few bad…](https://sms4smile.com/quotes/john-c-bogle/without-getting-into-brothels-there-are-ethical-capitalists-the/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [The average hedge fund manager is going to earn zero per cent in extra return.](https://sms4smile.com/quotes/john-c-bogle/the-average-hedge-fund-manager-is-going-to-earn-zero-per-cent-in/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) [Explore all 179 John C. Bogle quotes ](https://sms4smile.com/quotes/author/john-c-bogle/) ## More Mutual funds quotes > [If you don't like the idea that most of the money spent on lottery tickets supports government programs, you should know that most of…](https://sms4smile.com/quotes/robert-kiyosaki/if-you-don-t-like-the-idea-that-most-of-the-money-spent-on-lottery/) [Robert Kiyosaki](https://sms4smile.com/quotes/author/robert-kiyosaki/) > [The Vanguard Experiment was designed to prove that mutual funds could operate independently, and do so in a manner that would directly benefit their…](https://sms4smile.com/quotes/john-c-bogle/the-vanguard-experiment-was-designed-to-prove-that-mutual-funds-could/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [Trust the Canadians to produce a game about mutual funds that is actually more boring than the real thing.](https://sms4smile.com/quotes/alex-berenson/trust-the-canadians-to-produce-a-game-about-mutual-funds-that-is/) [Alex Berenson](https://sms4smile.com/quotes/author/alex-berenson/) > [Without getting into brothels, there are ethical capitalists the problem is that there aren't enough of them. It is not "just a few bad…](https://sms4smile.com/quotes/john-c-bogle/without-getting-into-brothels-there-are-ethical-capitalists-the/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [“Simply switching to home-brewed coffee will save you an average of $64.48 per month (or $2 per day) or $773.80 per year. By putting…](https://sms4smile.com/quotes/benjamin-p-hardy/simply-switching-to-home-brewed-coffee-will-save-you-an-average-of-64/) [Benjamin P. Hardy](https://sms4smile.com/quotes/author/benjamin-p-hardy/) > [Our capitalistic scheme in the latter years of the 20th century seems to have lost its way. We've had a "pathalogical change" from traditional…](https://sms4smile.com/quotes/john-c-bogle/our-capitalistic-scheme-in-the-latter-years-of-the-20th-century-seems/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [In the long run, a portfolio of well chosen stocks and/or equity mutual funds will always outperform a portfolio of bonds or a money-market…](https://sms4smile.com/quotes/peter-lynch/in-the-long-run-a-portfolio-of-well-chosen-stocks-and-or-equity/) [Peter Lynch](https://sms4smile.com/quotes/author/peter-lynch/) > [“Driving back to Portland I’d puzzle over my sudden success at selling. I’d been unable to sell encyclopedias, and I’d despised it to boot.…](https://sms4smile.com/quotes/phil-knight/driving-back-to-portland-i-d-puzzle-over-my-sudden-success-at-selling/) [Phil Knight](https://sms4smile.com/quotes/author/phil-knight/) > [There are tons of people who are late to trends by nature and adopt a trend after it's no longer in fashion. They exist…](https://sms4smile.com/quotes/jim-cramer/there-are-tons-of-people-who-are-late-to-trends-by-nature-and-adopt-a/) [Jim Cramer](https://sms4smile.com/quotes/author/jim-cramer/) > [Women tend to have a better track record in investing - when they invest - than men do, because they tend to take a…](https://sms4smile.com/quotes/sallie-krawcheck/women-tend-to-have-a-better-track-record-in-investing-when-they/) [Sallie Krawcheck](https://sms4smile.com/quotes/author/sallie-krawcheck/) > [Rip Van Winkle would be the ideal stock market investor: Rip could invest in the market before his nap and when he woke up…](https://sms4smile.com/quotes/richard-thaler/rip-van-winkle-would-be-the-ideal-stock-market-investor-rip-could/) [Richard Thaler](https://sms4smile.com/quotes/author/richard-thaler/) > [During my undergraduate training at UCLA, I was studying finance and securities; my particular interest was with mutual funds. Wanting to get into a…](https://sms4smile.com/quotes/robert-shapiro/during-my-undergraduate-training-at-ucla-i-was-studying-finance-and/) [Robert Shapiro](https://sms4smile.com/quotes/author/robert-shapiro/) > [If you have the stomach for stocks, but neither the time nor the inclination to do the homework, invest in equity mutual funds.](https://sms4smile.com/quotes/peter-lynch/if-you-have-the-stomach-for-stocks-but-neither-the-time-nor-the/) [Peter Lynch](https://sms4smile.com/quotes/author/peter-lynch/) > [Mutual funds with superior performance records often falter.](https://sms4smile.com/quotes/john-c-bogle/mutual-funds-with-superior-performance-records-often-falter/) [John C. Bogle](https://sms4smile.com/quotes/author/john-c-bogle/) > [I have mutual funds. I have a lot of individual stocks. I'm across the board, really well diversified.](https://sms4smile.com/quotes/duff-mckagan/i-have-mutual-funds-i-have-a-lot-of-individual-stocks-i-m-across-the/) [Duff McKagan](https://sms4smile.com/quotes/author/duff-mckagan/) [Browse all 61 Mutual funds quotes ](https://sms4smile.com/quotes/about/mutual-funds/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "Well, I like regulation as little as anybody else. It can be intrusive. It can be detailed. It can be bureaucratic. It can be unevenly administered. It can be unfair. But most regulations that we have for mutual funds and for banks are regulations that we earned. We did something wrong and we're paying a price for it.", "creator": { "@type": "Person", "name": "John C. 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