John C. Bogle Quotes About Values

Quotes about: Values

• On balance, the financial system subracts value from society

  John C. Bogle

  Balance, Financial, Financial System

• 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 funny business because on a net basis, the whole investment management business together gives no value added to all buyers combined. That's the way it has to work. Mutual funds charge two percent per year and then brokers switch people between funds, costing another three to four percentage points. The poor guy in the general public is getting a terrible product from the professionals.

  John C. Bogle

  Years, Two, People

• 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

  Integrity, Long, Vision

  John C. Bogle (2010). “Enough: True Measures of Money, Business, and Life”, p.156, John Wiley & Sons

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

  John C. Bogle

  Values

  John C. Bogle (2010). “Enough: True Measures of Money, Business, and Life”, p.23, John Wiley & Sons

• 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.

  John C. Bogle

  Believe, Reality, Focus

  Source: www.washingtonpost.com

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