Data, Long, Support. John C. "Jack" Bogle ist der Gründer der Vanguard Group, Inc. Er ist vielleicht am besten bekannt für seine unerbittliche Lehre und Predigt auf die Vorteile von Indexinvestments. John C. Bogle (2015). The very popularity of such a system would be its downfall. The historical data support one conclusion with unusual force: To invest with success, you must be a long-term investor. John C. "Jack" Bogle is the Founder of the Vanguard Group, Inc. To this day, the fund is one of the best S&P 500 Index funds and Vanguard investments are among the best and favorite of mutual funds for the do-it-yourself crowd. Market timing: “The idea that a bell rings to signal when investors should get into or out of the market is simply not credible. What investors need is a portfolio that also includes bond funds. 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. “Common Sense on Mutual Funds”, p.7, John Wiley & Sons, John C. Bogle (2010). The general systems of money management today require people to pretend to do something they can't do and like something they don't. However, I think John Bogle has underestimated the challenges that investors face in the real world. This is a nice, pithy quote, and at first glance, I agree with it. Richard Buck contributed to this article. The watch word for our financial markets is, "reversion to the mean" i.e. A partial list of the “few things” to “do right” would include managing your emotions, avoiding greed and fear, controlling expenses, properly diversifying your portfolio, maintaining patience and a long-term attitude, knowing where to place your trust, controlling your risk, having a long-term plan, giving up the urge to beat the market and knowing when to settle for “good enough” instead of overreaching in hopes of achieving the very best possible outcome. Which of These Top Investing Strategies is Best for You? Reality turns out to be just the opposite of the marketer’s beloved slogan: You get what you pay for. We live in a very risky world and investors should not get "carried away" with excessive allocations to equities, or for that matter, real estate. That’s a sad commentary on this huge industry. The average bear market represents a loss of 35%. "The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns". Stated simply, John Bogle is saying this: More than 99% of the activity on Wall Street essentially amounts to pushing poker chips around the table, with less than 1% aimed at creating new poker chips. The Balance uses cookies to provide you with a great user experience. "We live in a very risky world and investors should not get "carried away" with excessive allocations to equities, or for that matter, real estate. What Is Mutual Fund Core and Satellite Investing? Here are some of the best John Bogle quotes on mutual funds and index investing from various sources, such as his public speaking and some of his books, such as Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor: John Bogle's investing philosophy led him to create the first index fund available to the general public, Vanguard 500 Index (VFINX) in 1976. 10 Ways to Time the Market With Mutual Funds, Why You Shouldn't Try to Pick Stocks Like Warren Buffett, See the Best Index Funds to Buy for Long-Term Investing, The Simplest and Best Passive Investing Strategy for Most Investors, The 9 Best Investing Books for Beginners in 2020. John Bogle Quotes. The information on this site is provided for discussion purposes only, and should not be misconstrued as investment advice. The poor guy in the general public is getting a terrible product from the professionals. Ask yourself: Am I an investor, or am I a speculator? Inspirational Quotes by John C. Bogle (American Mutual Fund Pioneer) John Clifton Bogle (1929–2019,) also known as Jack Bogle, was an American investor, businessman, and philanthropist. Successful investing involves doing a few things right and avoiding serious mistakes.”. Over the years, investors who have taken John Bogle’s advice have been practically guaranteed to miss out on being in the front of the pack. Today I’ll look at nine such quotes and add my (mostly favorable) comments. Which Technology Funds Are Best to Buy Now? The mistakes we make as investors is when the market's going up, we think it's going to go up forever. Learn every day, but especially from the experiences of others. Here’s my translation: If you pay a high enough commission, a securities salesperson essentially is being paid to ignore the serious flaws of a product and to temporarily “forget about” alternatives that are better for the client but less profitable for the salesperson. ", Follow AzQuotes on Facebook, Twitter and Google+. Rely on the ordinary virtues that intelligent, balanced human beings have relied on for centuries: common sense, thrift, realistic expectations, patience, and perseverance. Speculation is betting on price. For more useful insights on investing, check out the free podcast of an interview entitled “Twelve investment decisions guaranteed to change your financial future.”. But more and more evidence piled up to discredit that approach. (That fund, once derided as “Bogle’s folly,” is now the Vanguard 500 Index Fund. It's amazing how difficult it is for a man to understand something if he's paid a small fortune not to understand it. That's the way it has to work. It allows you to put your emotions first, whereas investment gets emotions out of the picture. It's by the moment. He was the founder of Vanguard, the second-largest fund company in the world, and the pioneer of the low-cost index mutual fund. In other words, every dollar you save by refusing to pay for an active manager is a dollar of return that belongs to you, not the manager. Every day we present the best quotes! “Enough: True Measures of Money, Business, and Life”, p.23, John Wiley & Sons, John C. Bogle (2012). 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. Book by John C. Bogle, 2007. Over the years, investors who have taken John Bogle’s advice have been practically guaranteed to miss out on being in the front of the pack. Investing simplified: “Investing is not nearly as difficult as it looks. You can help Wikiquote by expanding it. Meanwhile, Bogle’s index-fund “folly” eventually came to be regarded as visionary leadership that would transform the investment industry. When Bogle first came on the scene with his new-fangled and inexpensive index fund that tracked the S&P 500 Index SPX, +0.53% he was regarded as a laughingstock in the industry. Another key is to teach investors to expect — and ride out — the normal cycles (sometimes pretty wild) of good and bad markets. “Bogle On Mutual Funds: New Perspectives For The Intelligent Investor”, p.242, John Wiley & Sons.