The Marvelous Simplicity of Index Investing, illustrates this perfectly by using various quotes and data from his book, Common Sense on Mutual Funds. All JOHN C. BOGLE Quotes about “Mutual Funds” “The mutual fund industry has been built, in a sense, on witchcraft.” “Surprise! John C. Bogle Legacy Forum Opening Remarks Museum of American Finance January 31, 2012. Quotations by John C. Bogle, American Businessman, Born May 8, 1929. He was the founder and chief executive of The Vanguard Group and is credited with inventing the index fund. John C. "Jack" Bogle (born 8 May 1929) is the founder of The Vanguard Group, an investment company, and the creator of the index fund. Icons & Innovators John Bogle of Vanguard Encouraged Everyone to Save and Invest. More John Bogle Quotes . 12 Quotes That Will Make You Rethink Your Personal Finances These bits of wisdom from Warren Buffett, Colin Powell, John Bogle, and others can set you on a … Enjoy the best John C. Bogle Quotes Page 2 at BrainyQuote. John C. Bogle Quotes about Economy. He created Vanguard in 1974. Bogle built the mutual fund company around his idea that low-cost index funds can provide superior returns for the long-term investor. 2007 - The Little Book of Common Sense Investing, p. 28. Everyone wants to be the next stock picker. These Quotes Will Inspire You to Live His Words. Just buy the haystack.” - John Bogle. Results of calculations, research, and studies may surprise you or seem counterintuitive, but are irrefutable nonetheless. There is a dopamine dump associated with picking and trading stocks. Jason Stipp, Christine Benz. To read the original article click here.. It’s no surprise to note that John Bogle, founder of Vanguard and inventor of the index fund as we know it, is among the … Watch. 2007 - The Little Book of Common Sense Investing, p. 50 . The Things John Bogle Taught Us: Humility, Ethics and Simplicity Personal finance luminaries and everyday investors share lessons from the late Vanguard founder. May 8, 1929. John C. "Jack" Bogle (May 8, 1929 – January 16, 2019) was an American investor and business magnate. It’s called gambling. 34We have met the enemy and he is us34... all of us. John Bogle Quotes. Yes, the marketing colossus known as the mutual fund industry provides the weaponry which enables investors to indulge their suicidal instincts. He will make claims and then back them up with the math and stats. Jack Bogle founded a financial services company, The Vanguard Group, that now has 16,600 employees and more than $5 trillion in assets. Princeton thesis, 1951 ([1]) Share. John C. "Jack" Bogle is the Founder of The Vanguard Group, Inc., and President of the Bogle Financial Markets Research Center. John Bogle Source: link It's now a rent-a-stock industry, compared with the old own-a-stock industry when turnover was 16 percent and the average holding period was six years. Quotes and opinions from respected professionals. Yes, the investor is often his own worst enemy. The principal role of the mutual fund is to serve its investors. Published: Nov 25, 2016 . Top quotes of John Bogle, an American Investor, business magnate & Philanthropist. No one could ever accuse John, "Jack," Bogle of being shy about offering investment tips. The Lessons of History – Endowment and Foundation Investing Today The NMS Investment Management Forum September 12, 2011. Quotes . Share with your friends. You can help Wikiquote by expanding it. No, the fund industry was hardly an innocent bystander in the market boom and the subsequent carnage. And if the firms are angry with him, he’s clearly doing something right.' https://www.cnbc.com/2019/01/18/jack-bogles-only-money-regret.html Like “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. John C. Bogle quotes “Ask yourself: Am I an investor, or am I a speculator? The returns reported by mutual funds aren't actually earned by mutual fund investors.” “The general systems of money management today require people to pretend to do something they can't do and like something they don't. Bogle quotes from Psalm 118, “The stone which the builders rejected has become the chief cornerstone,” when he describes how his index fund idea was first dismissed as “Bogle’s folly” and yet, as he modestly said, “Now it’s taken over the world.” How is he Quaker? Step 1 (123) "Surprise! 2011. Explore some of John Bogle best quotations and sayings on Quotes.net -- such as 'The accounting firms have been letting corporations get away with reporting all kinds of funny pro forma earnings, the addition of Jim Doty to the PCAOB was a big upgrade. May 19, 2014. The principal role of the mutual fund is to serve its investors. Step 1 (116) "Hint: money flows into most funds after good performance, and goes out when bad performance follows." John Bogle touts how simple arithmetic shows x, y, and z throughout the book. Nothing is too advanced which allows the reader to understand. ― John C. Bogle, The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns. The genius of John Bogle in 9 quotes Reprinted courtesy of MarketWatch.com. Helping Others On Receiving the “Others” Award from the Salvation Army May 11, 2011. This economist article is a stub. 5 of Our Favorite Bogle Quotes As the Vanguard founder recently turned 85, we scoured our many interviews with him for some words of wisdom. Index funds changed the way Americans grew wealth. 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. 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. ET I could not find a better quote to represent all that index investing is. - quote by John Bogle on YourDictionary. Yes, the investor is often his own worst enemy. Quotes by John Bogle (19) (114) "If the data do not prove that indexing wins, well, the data are wrong." 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