John C Bogle- "If you have trouble imagining a 20% loss in the stock market, you shouldn’t be in stocks."
Learn every day, but especially from the experiences of others. It’s cheaper!
John Bogle
Indeed, the evidence is compelling that when decade-long real stock returns are inordinately high by historical standards, returns in subsequent decades are likely to tumble; when past returns are exceptionally low, future returns are apt to rise. What it’s all about, it seems, is reversion to the mean.
John Bogle
If you have trouble imagining a 20% loss in the stock market, you shouldn’t be in stocks.
John Bogle
The scandal is not what’s illegal. It’s what’s legal.
John Bogle
The boom and the bust were normal—just two more swings in stock returns over the past century. Reversion to the mean is the iron rule of the financial markets.
John Bogle
The Commission’s new proposals for compensation disclosure provide a timely opportunity to rectify the previous omission of compensation data for mutual- fund executives.
John Bogle
If you have a billion bucks and a sense of power you will fight everything. I guess that is what is best about America and what is worst about America.
John Bogle
We now have an equity fund industry that’s [worth] $2 trillion, and if everyone wants their $2 trillion back tomorrow, they’re not going to get it.
John Bogle
I knew if the board was gracious to me, I’d respond with similar grace. Board membership isn’t that important to me, and this was the most peaceful, decent thing to do.
John Bogle
Mutual funds don’t last as long as you would expect; for example in the 1990s over 50 percent of all the mutual funds that have been in business during the decade are no longer here, … If you invest in a firm you want to hold it long-term, but if the fund doesn’t exist your option is nil.
John Bogle
These kind of bubbles are something that everyone participates in. That’s why they are bubbles.
John Bogle
I´ve never seen fear take over like this in my whole career.
John Bogle
Stock options have failed abjectly to do what they were ballyhooed to do.
John Bogle
Capitalism requires a structure and value system that people believe in and can depend on.
John Bogle