Hello. I am Deepak Kundu, an avid book reader and quotes collector. Here is a list of 20 John C. Bogle quotes that I liked and saved from various books. I hope you enjoy reading them.
John C. Bogle Quotes
If beating the market is a zero-sum game before costs, it is a loser’s game after costs are deducted. How often we forget the power of these “relentless rules of humble arithmetic”, when we bet against one another, day after day—inevitably, to no avail—in the stock market.
from The Clash of the Cultures book by John C. Bogle
Sometimes the markets are highly efficient, sometimes wildly inefficient, and it’s not easy to know the difference.
from The Clash of the Cultures book by John C. Bogle
Buy the market and hold it forever (or at least until you retire). Don’t worry about portfolio managers who will come and go, and don’t speculate on which manager may be lucky enough or smart enough to outperform the market for a time. Own an index fund, get a life outside of finance, and relax.
from The Clash of the Cultures book by John C. Bogle
Never forget either the magic of long-term compounding of returns, nor the tyranny of long-term compounding of costs.
from The Clash of the Cultures book by John C. Bogle
Sometimes in life, we make the greatest forward progress by going backward.
from The Clash of the Cultures book by John C. Bogle
One of the greatest sins of investing is to be captivated by the siren song of the market, which can lure you into buying stocks when they are soaring and into selling stocks when they are plunging. Impulses like these can destroy even the best of portfolios.
from The Clash of the Cultures book by John C. Bogle
In mutual funds performance comes and goes, but expenses go on forever.
from The Clash of the Cultures book by John C. Bogle
The index fund wins because its concept is both priceless and price-less.
from The Clash of the Cultures book by John C. Bogle
The secret to investing is that there is no secret. There is only the majesty of simplicity.
from The Clash of the Cultures book by John C. Bogle
Investing is simple. But it is not easy, for it requires discipline, patience, steadfastness, and that most uncommon of all gifts, common sense.
from The Clash of the Cultures book by John C. Bogle
It is surely one of the great paradoxes of the day that the largest financial rewards in our nation are received by an investment community that subtracts value from its clients, with far smaller rewards received by a business community that adds value to society.
from The Clash of the Cultures book by John C. Bogle
We’ve had too much crime and not enough punishment in our financial sector. I’d like to see far harsher penalties for white-collar criminals who abuse their clients’ trust.
from The Clash of the Cultures book by John C. Bogle
We must seek an investment sector in which a culture of stewardship and longer-term thinking dominates a culture of speculation, short-term trading, salesmanship, and marketing.
from The Clash of the Cultures book by John C. Bogle
I love the mutual fund industry. But I have a lover’s quarrel with the industry to which my long career has been dedicated. I simply want us to live up to our highest potential to fulfill our fiduciary duty to fund investors.
from The Clash of the Cultures book by John C. Bogle
Owning a mutual fund management company has often proved rewarding beyond the dreams of avarice—owning mutual funds, far less so.
from The Clash of the Cultures book by John C. Bogle
The concept of investing for a lifetime and focusing largely on asset allocation and diversification has gotten lost in the noise of short-term, even daily and sometimes minute-by-minute movements of the volatile stock market. I can only restate my warning that “the stock market is a giant distraction from the business of investing.
from The Clash of the Cultures book by John C. Bogle
Selecting your fund for tomorrow by picking a winner from yesterday is an exercise fraught with peril. No, the past is not prologue.
from The Clash of the Cultures book by John C. Bogle
Long-term value, not short-term price, rules the world.
from The Clash of the Cultures book by John C. Bogle
All across American life, trusted professions—traditionally focused on service to the community—have increasingly taken on the characteristics of businesses—focused on maximizing profits to providers of capital, too often at the expense of the moral values of an earlier age.
from The Clash of the Cultures book by John C. Bogle
Financial institutions operate by a kind of reverse Occam’s razor. They have a large incentive to favor the complex and costly over the simple and cheap, quite the opposite of what most investors need and ought to want.
John C. Bogle, from Richer, Wiser, Happier book by William Green