John C. Bogle Quotes

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John C. Bogle

Profession : Businessman

Birth : May 8, 1929

The grim irony of investing is that we investors as a group not only don't get what we pay for, we get precisely what we don't pay for.

John C. Bogle

There is no country like the United States, with its diversified industrial base, technology leadership, innovation and strong pressure to build companies to make them grow.

John C. Bogle

Vanguard never would have happened if I hadn't been fired as CEO of Wellington Management Company, the firm that did the investing for the Wellington fund and eight sister funds.

John C. Bogle

I don't see any magic in hedge funds.

John C. Bogle

If you put nothing away for retirement, I can tell you, to the last penny, how much you will have when you retire: nothing.

John C. Bogle

I was never the type who had a particular ambition. I had friends in college who would say, 'I want to be a vice president by the time I'm 35 years old.' A lot of people had these career plans. I didn't have any. I thought if I did my best, good things would happen.

John C. Bogle

There is almost no limit to the ability of investors to ignore the lessons of the past.

John C. Bogle

If the job of capitalism is to create wealth for those who put up the capital, no fund group comes close to Vanguard's success in serving its owners. So we're probably as far away from communism as is realistically possible.

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 from equity account. And you want them to grow over time.

John C. Bogle

I would always advise young people to follow their star - not my star. They have to live their own life. If they decide they want to go into the investment business, do it, but make it a better business than it is today.

John C. Bogle

I'm not sure I really am an entrepreneur. I'm not much of a businessman. I know I'm not a marketing guy. I do have an entrepreneurial lineage, though.

John C. Bogle

At the beginning of my sophomore year at Princeton University, I took my first economics course; our textbook was the first edition of Samuelson's 'Economics: An Introductory Analysis.'

John C. Bogle

The index fund always gives you the market return.

John C. Bogle

If the fluctuations in your investment portfolio are reduced, the impact of emotions and behavior on your account is also reduced.

John C. Bogle

The long-term focus of index funds is a much needed counterweight to the short-termism favored by so many market participants.

John C. Bogle

The driving force of any profession includes not only the special knowledge, skills and standards that it demands, but the duty to serve responsibly, selflessly and wisely, and to establish an inherently ethical relationship between professionals and society.

John C. Bogle

Every winter my wife and I take a week off and go to a resort in Florida.

John C. Bogle

If we wanted something, we had to earn it.

John C. Bogle

I would advise someone who has just retired to be something in the broad range of 50/50 stocks and bonds.

John C. Bogle

Glen Weyl is a good friend of mine.

John C. Bogle