John C. Bogle Quotes

John C. Bogle Quotes:

John C. Bogle Quotes about Mutual Funds

John C. Bogle Quotes John C. Bogle Quotes about Mutual Funds John C. Bogle Quotes about Capitalism John C. Bogle Quotes on Life John C. Bogle Quotes about Economy John C. Bogle Quotes about Winning John C. Bogle Quotes about Pensions John C. Bogle Quotes about Focus John C. Bogle Quotes about Values John C. Bogle Quotes about Speculation John C. Bogle Quotes about Duty John C. Bogle Quotes about Investing  25+ John C. Bogle Quotes - Investor & Business Magnate   Get More Useful Quotes By John C. Bogle Quotes on Investing, Life, Mutual Funds, Pensions, Focus, You Can Share it With Friends.

We need a mutual fund industry with both vision and values; a vision of fiduciary duty and shareholder service, and values rooted in the proven principles of long-term investing and of trusteeship that demands integrity in serving our clients.


The mutual fund industry has been built, in a sense, on witchcraft.


Among my greatest disappointments about the mutual fund industry – in addition to excessive costs and excessive focus on the short-term – is that fund managers have been passive participants in corporate governance.


The principal role of the mutual fund is to serve its investors.

John C. Bogle Quotes about Capitalism

I think it’s fairly easy to provide a moral defense of capitalism. It has been – over the last 200 years – the underlying basis for enormous increases in productivity and human welfare and rising living standards, particularly in the United States, and in the industrialized nations but in fact, in most parts of the world.


I’d be the first to agree that capitalism bestows its blessings unevenly. But that wouldn’t persuade me to think it was a good idea to do away with those blessings in their entirety. That said, there is lots of work to be done to make capitalism work better, and to broaden its blessings far more widely not only in America, but all over the globe.


Capitalism is not a Ponzi scheme. Capitalism is a scheme of free markets.


While I haven’t read economist Robin Hansel’s work, replacing capitalism would be at the very bottom of my list of priorities – to be considered only after everything else had been tried. Improving our capitalistic system however, is at the top of my list and is of course the major theme of “The Battle for the Soul of Capitalism.

John C. Bogle Quotes on Life

Rely on the ordinary virtues that intelligent, balanced human beings have relied on for centuries: common sense, thrift, realistic expectations, patience, and perseverance.

John C. Bogle Quotes about Economy

The fund scandals shined the spotlight on the fact that mutual fund managers were putting their interests ahead of the fund shareholders who trusted them, which had much more substantial consequences in the form of excessive fees and the promotion – as the market moved into the stratosphere – of technology funds and new economy funds which were soon to collapse.


We are facing incredible challenges in the economy of the U.S. and the economy of the globe, but the stock market, we never know whether it’s over-discounted or under-discounted or got exactly right its anticipation.


The multiple failings of our flawed financial sector are jeopardizing, not only the retirement security of our nation’s savers but the economy in which our entire society participates.

John C. Bogle Quotes about Winning

If you’re very talented and keep winning, you’ll do just fine. It may take a while. But the talent is hard to identify and talent is hard to tell from luck. There’s an awful lot of luck in this business. Past performance is not helpful in judging future performance.


If the data do not prove that indexing wins, well, the data are wrong.


In Las Vegas we all know that it’s the croupiers who win. At the race track, it’s those who control the handle who win. State lotteries, does anybody think the participants in the lottery win? No. The state wins.

John C. Bogle Quotes about Pensions

We need to reorganize our entire system of retirement plan investing and to develop federal standards of fiduciary duty for pension trustees and fund managers. These require “top down” intervention. But we also need investors to look after their own economic interests, a bottom up approach to our problems that is well within our individual power to undertake.


Our capitalistic scheme in the latter years of the 20th century seems to have lost its way. We’ve had a “pathological change” from traditional owners capitalism where most of the rewards have gone to those who make the investments and assume the risks to a new and deeply flawed system of managers capitalism where the managers of our corporations our investment system, and our mutual funds are simply take too large a share of the returns generated by our corporations and mutual funds leaving the last line investors – pension beneficiaries and mutual fund owners at the bottom of the food chain.


I believe Washington should be a more active participant focusing on the issue of why corporate shareholders and mutual fund shareholders are not given fair treatment by corporate management and mutual fund management. We need to develop a national standard of fiduciary duty to ensure that these agents, if you will, are adequately representing the principles – pension beneficiaries and mutual fund shareholders – whom they are duty bound to serve.

John C. Bogle Quotes about Focus

I believe that the mutual fund industry’s biggest shortcoming is too much focus on the momentary price of a stock – an illusion – and too little focus on the intrinsic value of the corporation – the ultimate reality. I’m comforted by the fact that Warren Buffett feels the same way.


Among my greatest disappointments about the mutual fund industry – in addition to excessive costs and excessive focus on the short-term – is that fund managers have been passive participants in corporate governance.


I believe that the behaviour of too many of our corporations investment bankers and fund managers has jeopardized some of the trust that investors have had. It’s not the economic engine that we need to focus on, but the need to make sure that our investors receive their fair share of the returns that that great economic system produces.

John C. Bogle Quotes about Values

I believe that the mutual fund industry’s biggest shortcoming is too much focus on the momentary price of a stock – an illusion – and too little focus on the intrinsic value of the corporation – the ultimate reality. I’m comforted by the fact that Warren Buffett feels the same way.


We need a mutual fund industry with both vision and values; a vision of fiduciary duty and shareholder service, and values rooted in the proven principles of long-term investing and of trusteeship that demands integrity in serving our clients.


On balance, the financial system subtracts value from society


I will create value for society, rather than extract it.

John C. Bogle Quotes about Speculation

Speculation leads you the wrong way. It allows you to put your emotions first, whereas investment gets emotions out of the picture.


I believe – deeply and profoundly – that speculation is a loser’s game.


Ask yourself: Am I an investor, or am I a speculator? An investor is a person who owns business and holds it forever and enjoys the returns that U.S. businesses, and to some extent global businesses, have earned since the beginning of time. Speculation is betting on price. Speculation has no place in the portfolio or the kit of the typical investor.

John C. Bogle Quotes about Duty

We need to reorganize our entire system of retirement plan investing and to develop federal standards of fiduciary duty for pension trustees and fund managers. These require “top down” intervention. But we also need investors to look after their own economic interests, a bottom up approach to our problems that is well within our individual power to undertake.


I believe Washington should be a more active participant focusing on the issue of why corporate shareholders and mutual fund shareholders are not given fair treatment by corporate management and mutual fund management. We need to develop a national standard of fiduciary duty to ensure that these agents, if you will, are adequately representing the principles – pension beneficiaries and mutual fund shareholders – whom they are duty bound to serve.


We need a mutual fund industry with both vision and values; a vision of fiduciary duty and shareholder service, and values rooted in the proven principles of long-term investing and of trusteeship that demands integrity in serving our clients.

John C. Bogle Quotes about Investing

In the long run, investing is not about markets at all. Investing is about enjoying the returns earned by businesses.


Your success in investing will depend in part on your character and guts, and in part on your ability to realize at the height of ebullience and the depth of despair alike that this too shall pass.


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Investing is not nearly as difficult as it looks. Successful investing involves doing a few things right and avoiding serious mistakes.


The stock market is a giant distraction to the business of investing.