John C. Bogle Quotes - Page 3

Quotes about:

• I think it's gone much too far. Most of them are not worth the powder to blow them to hell.

  John C. Bogle

  Blow, Thinking, Gone

  7 Copy quote

• "Now you can trade the S&P 500 Index in real time" was the slogan in the newspapers for the first ETF. What kind of nut would do that?

  John C. Bogle

  Real, Nuts, Investing

  8 Copy quote

• If it is hard to imagine that 20% of losses on the stock market, you should never participate

  John C. Bogle

  Loss, Imagine, Should

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• I'm not an expert on Islam, but I think there are lots of noble religions whose basic principles could stand considerably more observation in the world of business.

  John C. Bogle

  Thinking, Islam, World

  Source: www.washingtonpost.com

  6 Copy quote

• 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

  Retirement, Investing, Financial

  14 Copy quote

• We need a federal government commission to study the way our financial services system is working - I believe it is working badly - and we also need more educated investors. There are good long term low-priced mutual funds - my favorite is a total stock market index fund - and bad short term highly priced mutual funds. If investors would get themselves educated, and invest in the former - taking their money out of the latter - we would see some automatic improvements in the system, and see them fairly quickly.

  John C. Bogle

  Believe, Long, Study

  Source: www.washingtonpost.com

  4 Copy quote

• But whatever the consensus on the EMH, I know of no serious academic, professional money manager, trained security analyst, or intelligent individual investor who would disagree with the thrust of EMH: The stock market itself is a demanding taskmaster. It sets a high hurdle that few investors can leap.

  John C. Bogle

  Intelligent, Investing, Serious

  10 Copy quote

• The business has some problems, substantial problems. You go fix it, you young people. That's what you're there for. Don't believe what the old generation tells you. We don't know a damn thing, including Bogle.

  John C. Bogle

  Believe, People, Problem

  Source: www.businessinsider.com

  7 Copy quote

• Yes, the investor is often his own worst enemy. Yes, the marketing colossus known as the mutual fund industry provides the weaponry which enables investors to indulge their suicidal instincts. No, the fund industry was hardly an innocent bystander in the market boom and the subsequent carnage. "We have met the enemy and he is us"... all of us.

  John C. Bogle

  Suicidal, Bystanders, Worst Enemy

  "The Stock Market Universe: Stars, Comets, and the Sun". Speech to Financial Analysts of Philadelphia, www.vanguard.com. February 15, 2001.

  9 Copy quote

• It's 1450 out of 1500 ETF funds that I just wouldn't touch because they're not diversified enough. Or they have some huge speculative twist to them that if you can guess the markets right you will do very well for a day or two but who can do that? Nobody.

  John C. Bogle

  Two, Twists, Investing

  9 Copy quote

• While the apostles of the new so-called "behavioral" theory present ample evidence of how often human beings make irrational financial decisions, it remains to be seen whether these decisions lead to predictable errors that create systematic mispricings upon which rational investors can readily and economically capitalize.

  John C. Bogle

  Errors, Decision, Investing

  7 Copy quote

• 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.

  John C. Bogle

  Challenges, Anticipation, Incredibles

  10 Copy quote

• I was born in an earlier generation and, as a group, my classmates at Blair Academy and Princeton University were as ethical, straightforward, and integrity laden as you could possibly imagine - perhaps not a 100% - but the overwhelming majority. I've been in business a long, long time and I simply cannot imagine seeking out cheating, greedy people.

  John C. Bogle

  Cheating, Integrity, Long

  Source: www.washingtonpost.com

  8 Copy quote

• So the misplaced assumption is that we have this whole new institutional element where these [financial] institutions are looking after their own financial interests before the financial interests of the principals, princi-pals whose interests they are really bound to observe first.

  John C. Bogle

  Pals, Elements, Firsts

  9 Copy quote

• The relationship between executive CEO pay, stock performance is tenuous and not easily unscrambled, just one of myriad factors that affect the price of a stock.

  John C. Bogle

  Ceo

  Source: www.washingtonpost.com

  4 Copy quote

• I'm not currently into economic textbooks, but my grandchildren tell me that the book by Gregory Mankiw, former head of the white house council of economic advisers is a model of intelligence and clarity. Why not try that one.

  John C. Bogle

  Book, Grandchildren, House

  Source: www.washingtonpost.com

  4 Copy quote

• 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.

  John C. Bogle

  Disappointment, Focus, Mutual Fund

  Source: www.washingtonpost.com

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• Sure there are some companies at the margins of our society that probably do that and I think we all have the responsibility as consumers and as investors to avoid them like the plague. If we do, they won't last very long. Doing what's right is the only possible formula for long-term - I emphasize long term - business success.

  John C. Bogle

  Responsibility, Thinking, Long

  Source: www.washingtonpost.com

  4 Copy quote

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

  John C. Bogle

  Free Market, Capitalism

  Source: www.washingtonpost.com

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• 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.

  John C. Bogle

  Technology, Mutual Fund, Promotion

  Source: www.washingtonpost.com

  4 Copy quote

• While I haven't read economist Robin Hahnel'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

  Priorities, Soul, Battle

  Source: www.washingtonpost.com

  4 Copy quote

• Corporate leaders surely have their problems, I believe that most CEOs are doing their best to hew to the ethical line. The problem is that that line has gotten blurred and that our moral standard seems to be "if everybody else is doing it, it's okay". That's not good enough for me.

  John C. Bogle

  Believe, Not Good Enough, Leader

  Source: www.washingtonpost.com

  6 Copy quote

• The returns we read about in the industry sales literature vastly diminish when we move from the theoretical world of market indexes to the real world of actually investing.

  John C. Bogle

  Real, Moving, Literature

  Source: www.washingtonpost.com

  4 Copy quote

• Without getting into brothels, there are ethical capitalists the problem is that there aren't enough of them. It is not "just a few bad apples" that have been evident in our corporations, our investment bankers and our mutual funds, but so many that one has to concede that the barrel itself needs some work.

  John C. Bogle

  Problem, Mutual Fund, Investment

  Source: www.washingtonpost.com

  7 Copy quote

• 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

  Believe, Management, Mutual Fund

  Source: www.washingtonpost.com

  4 Copy quote

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