Don't look for the needle in the haystack. Just buy the haystack! John C. Bogle More Quotes by John C. Bogle More Quotes From John C. Bogle Hint: money flows into most funds after good performance, and goes out when bad performance follows. John C. Bogle investing hints flow 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 despair depth character 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 want numbers long Surprise! The returns reported by mutual funds aren't actually earned by mutual fund investors. John C. Bogle investing return surprise Successful investing is about owning businesses and reaping the huge rewards provided by the dividends and earnings growth of our nation's - and, for that matter, the world's - corporations. John C. Bogle investing growth successful I'd be the first to agree that capitalism bestows its blessings unevenly. But that wouldn't persuade me to think it was a good idea to do away with those blessings in their entirety. That said, there is lots of work to be done to make capitalism work better, and to broaden its blessings far more widely not only in America, but all over the globe. John C. Bogle done blessing thinking The principal role of the mutual fund is to serve its investors. John C. Bogle mutual-fund investors roles The stock market is a giant distraction to the business of investing. John C. Bogle investing distraction giants The transfer of Wall Street from private ownership to public ownership has been a big step backward. John C. Bogle ownership wall steps 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 income sweat gains 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 judging winning past 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 investing groups pay Fund investors are confident that they can easily select superior fund managers. They are wrong. John C. Bogle select investing fund 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 vegas winning thinking My biggest prediction for the future is that people are going to start looking after individual investors. John C. Bogle predictions individual people We need a mutual fund industry with both vision and values; a vision of fiduciary duty and shareholder service, and values rooted in the proven principles of long-term investing and of trusteeship that demands integrity in serving our clients. John C. Bogle vision integrity long 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 investing intelligent serious 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 investing financial retirement If the data do not prove that indexing wins, well, the data are wrong. John C. Bogle investing data winning If your fund doesn't last for the long term, how can you invest for the long term? John C. Bogle investing lasts long
