Who on Earth is John C. Bogle?

John Clifton "Jack" Bogle was an American investor and philanthropist. John Bogle is know for founding the Vanguard Group and for his books 'The Little Book of Common Sense Investing' and 'Common Sense on Mutual Funds'

Books by John C. Bogle

Quotes by John C. Bogle

“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

“Buying funds based purely on their past performance is one of the stupidest things an investor can do.”

John C. Bogle The Little Book of Common Sense Investing

“Don't look for the needle in the haystack. Just buy the haystack!”

John C. Bogle The Little Book of Common Sense Investing

“Gunning for average is your best shot at finishing above average.”

John C. Bogle The Little Book of Common Sense Investing

“I believe - deeply and profoundly - that speculation is a loser's game.”

John C. Bogle

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

John C. Bogle Enough

“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

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

John C. Bogle The Little Book of Common Sense Investing

“If you have trouble imagining a 20% loss in the stock market, you shouldn't be in stocks.”

John C. Bogle

“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.”

John C. Bogle

“If your fund doesn't last for the long term, how can you invest for the long term?”

John C. Bogle The Little Book of Common Sense Investing

“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

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

John C. Bogle

“Income earned by the sweat of your brow should be taxed at the lowest rates, not the highest. Capital gains should be taxed at a higher rate.”

John C. Bogle

“Index funds eliminate the risks of individual stocks, market sectors, and manager selection. Only stock market risk remains.”

John C. Bogle

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

John C. Bogle

“Investors need to understand not only the magic of compounding long-term returns, but the tyranny of compounding costs; costs that ultimately overwhelm that magic.”

John C. Bogle The Clash of the Cultures

“It's amazing how difficult it is for a man to understand something if he's paid a small fortune not to understand it.”

John C. Bogle

“It's very difficult for any particular segment of the stock market to sustain superior performance. The watch word for our financial markets is, 'reversion to the mean'. I.e. what goes up must come down, and it's true more often than you can imagine.”

John C. Bogle

“Learn every day, but especially from the experiences of others. It's cheaper!”

John C. Bogle

“Managed funds are astonishingly tax-inefficient.”

John C. Bogle

“Owning the stock market over the long term is a winner's game, but attempting to beat the market is a loser's game.”

John C. Bogle The Little Book of Common Sense Investing

“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 Common Sense on Mutual Funds

“Reversion to the mean is the iron rule of the financial markets.”

John C. Bogle

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

John C. Bogle

“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

“The courage to press on regardless - regardless of whether we face calm seas or rough seas, and especially when the market storms howl around us - is the quintessential attribute of the successful investor.”

John C. Bogle

“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

“The greatest enemy of a good plan is the dream of a perfect plan. Stick to the good plan.”

John C. Bogle The Little Book of Common Sense Investing

“The grim irony of investing, then, 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. So if we pay for nothing, we get everything.”

John C. Bogle The Little Book of Common Sense Investing

“The historical data support one conclusion with unusual force: To invest with success, you must be a long-term investor.”

John C. Bogle Common Sense on Mutual Funds

“The idea that a bell rings to signal when investors should get into or out of the market is simply not credible. After nearly 50 years in this business, I do not know of anybody who has done it successfully and consistently. I don't even know anybody who knows anybody who has done it successfully and consistently.”

John C. Bogle Common Sense on Mutual Funds

“The investor is often his own worst enemy.”

John C. Bogle

“The mistakes we make as investors is when the market's going up, we think it's going to go up forever. When the market goes down, we think it's going to go down forever. Neither of those things actually happen. Doesn't do anything forever. It's by the moment.”

John C. Bogle

“The most important things in life and in business can’t be measured.”

John C. Bogle Enough

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

John C. Bogle Common Sense on Mutual Funds

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

John C. Bogle

“The simple fact is that selecting a mutual fund that will outpace the stock market over the long term is, using Cervantes’ wonderful observation, like looking for a needle in the haystack. So I offer you Bogle’s corollary: Don’t look for the needle in the haystack. Just buy the haystack!”

John C. Bogle The Little Book of Common Sense Investing

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

John C. Bogle The Little Book of Common Sense Investing

“The true investor will do better if he forgets about the stock market and pays attention to his dividend returns and to the operating results of his companies.”

John C. Bogle The Little Book of Common Sense Investing

“The two greatest enemies of the equity fund investor are expenses and emotions.”

John C. Bogle The Little Book of Common Sense Investing

“Time is your friend; impulse is your enemy.”

John C. Bogle

“Time makes more converts than reason.”

John C. Bogle The Little Book of Common Sense Investing

“Time makes more converts than reason.”

John C. Bogle The Little Book of Common Sense Investing

“When there are multiple solutions to a problem, choose the simplest one.”

John C. Bogle The Little Book of Common Sense Investing

“You know the rule of 72, divide the number into 72, any number you want, and that's how long it will take your money to double.”

John C. Bogle

“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.”

John C. Bogle