John C. Bogle Quotes

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John C. Bogle

Profession : Businessman

Birth : May 8, 1929

In my long experience, one thing I know is that truth is elusive.

John C. Bogle

Successful investing is all about common sense.

John C. Bogle

My favourite holdings are Vanguard's Wellington Fund, a balanced mutual fund which is a legacy investment from my first career at Wellington Management Co., and the Vanguard 500 Index Fund.

John C. Bogle

We have moved from treating funds as investment trusts designed to serve their owner-beneficiaries to treating funds as consumer products, designed to attract the largest possible assets. This new approach has ill-served the interests of fund shareholders.

John C. Bogle

I learned you work for what you get, and I feel sorry for people who haven't had that upbringing.

John C. Bogle

The best rule for philanthropy is to give until it hurts, as much as you can, because none of us can get through life all by ourselves.

John C. Bogle

Diversification has been, and balance, like Wellington, has been so drummed into me, it's part of my personality.

John C. Bogle

The culture of the mutual fund industry, when I came into it in 1951, was pretty much a culture of fiduciary duty and investment, with funds run by investment professionals. The firm I worked with, Wellington Management Co., they had one fund. That was very typical in the industry... investment professionals focused on long-term investing.

John C. Bogle

In an ideal world, Adam Smith-like, individuals would recognize what they need to do in their own self-interest, and they will make changes happen and look after themselves.

John C. Bogle

I think average investors should not trade a lot. The evidence is overpowering. The more you trade, the less you earn.

John C. Bogle

I tend to give to those who have helped me along the road of life: Blair Academy, Princeton University, our church, and several hospitals that got me here in one piece. On the community side, I've always been a big supporter of the United Way.

John C. Bogle

When a door closes, if you look long enough and hard enough, if you're strong enough, you'll find a window that opens.

John C. Bogle

Wise investors won't try to outsmart the market.

John C. Bogle

Being an entrepreneur is not for the faint of heart. It is a high-risk, high-reward proposition.

John C. Bogle

The average hedge fund manager is going to earn zero per cent in extra return.

John C. Bogle

We do some things for family reasons. If it's not consistent, well, life isn't always consistent.

John C. Bogle

Our financial system is driven by a giant marketing machine in which the interests of sellers directly conflict with the interests of buyers.

John C. Bogle

With actively managed funds, people have big behavior problems. With funds that have done well, they put their money in, and when it has done bad, they want to take it out.

John C. Bogle

It occurs to me that, after the huge output of writing I've produced over the years, there is a close link between my twin careers as investment executive and financial writer: The power of the word and the power of the book have played a major role in turning my vision... into reality.

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 would have brought back Glass-Steagal.

John C. Bogle