John C. Bogle Quotes

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John C. Bogle

Profession : Businessman

Birth : May 8, 1929

The malfeasance and misjudgments by our corporate, financial and government leaders, declining ethical standards, and the failure of our new agency society reflect a failure of capitalism.

John C. Bogle

We must work to establish a 'fiduciary society,' where manager/agents entrusted with managing other people's money are required - by federal statute - to place front and center the interests of the owners they are duty-bound to serve.

John C. Bogle

Have rational expectations for future returns and avoid changing those expectations in response to the ephemeral noise coming from Wall Street.

John C. Bogle

What we need is congressional action to establish a federal principle of fiduciary duty - encapsulated by the phrase 'no man can serve two masters.'

John C. Bogle

I seek the truth.

John C. Bogle

While we would typically encourage young people to start saving for the future as early as possible, it's unlikely that a budding entrepreneur will be able to do so. The entrepreneur will need every bit of capital available for the business, which will likely crowd out personal savings.

John C. Bogle

When our financial system - essentially our money managers, marketers of investment products and stockbrokers - put up zero percent of the capital and assume zero percent of the risk yet receive fully 80% of the return, something has gone terribly wrong in our financial system.

John C. Bogle

I don't like going into stores, I don't like the whole process of buying things.

John C. Bogle

It is the power of words and books - explaining and dramatizing great ideas and articulating high ideals - that is the greatest weapon in the missionary's arsenal.

John C. Bogle

I've been studying mutual funds since 1949, when I began researching my senior thesis at Princeton University.

John C. Bogle

As I have said before, the daily machinations of the stock market are like a tale told by an idiot, full of sound and fury, signifying nothing.

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.

John C. Bogle

U.S. companies are innovative and entrepreneurial.

John C. Bogle

Well, bitcoin is a currency. Bitcoin has no underlying rate of return. You know, bonds have an interest coupon. Stocks have earnings and dividends. Gold has nothing, and bitcoin has nothing. There is nothing to support the bitcoin except the hope that you will sell it to somebody for more than you paid for it.

John C. Bogle

Nothing is simpler than owning the stock market and holding it forever, and that's essentially the idea behind the index fund.

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.

John C. Bogle

Investing is a virtuous habit best started as early as possible.

John C. Bogle

When you're young, you've got plenty of time to recover from your mistakes.

John C. Bogle

Net return is simply the gross return of your investment portfolio less the costs you incur. Keep your investment expenses low, for the tyranny of compounding costs can devastate the miracle of compounding returns.

John C. Bogle

My only regret about money is that I don't have more to give away.

John C. Bogle