I would always advise young people to follow their star - not my star. They have to live their own life. If they decide they want to go into the investment business, do it, but make it a better business than it is today.
John C. BogleRead
I almost hate to say how proud I am of my career and, most of all, helping folks get the returns they deserve.
Interpretation
This quote reflects pride in one's accomplishments, especially in helping others succeed.
John C. Bogle expresses a heartfelt pride in his career and emphasizes the fulfillment derived from assisting others in achieving the rewards they rightfully deserve. This sentiment underscores the importance of service and generosity in personal and professional success, revealing that true achievement often includes the success of others.
In practice
A speaker might use this quote during a graduation speech to inspire students about their future careers.
I would always advise young people to follow their star - not my star. They have to live their own life. If they decide they want to go into the investment business, do it, but make it a better business than it is today.
When our financial system - essentially our money managers, marketers of investment products and stockbrokers - put up zero percent of the capital and assume zero percent of the risk yet receive fully 80% of the return, something has gone terribly wrong in our financial system.
Entrepreneurs or international conglomerateurs, or large financial institutions buy or create mutual fund management companies to create a return on their own capital. It's capitalism at work, where the rewards tend to go to the managers rather than the investors.
Net return is simply the gross return of your investment portfolio less the costs you incur. Keep your investment expenses low, for the tyranny of compounding costs can devastate the miracle of compounding returns.
Investing is a virtuous habit best started as early as possible.
Wise investors won't try to outsmart the market.
If you want to create a great product, just focus on one person. Make that one person have the most amazing experience ever.
When you prohibit failure, you kill innovation. If you kill innovation in fundraising, you can't raise more revenue. If you can't raise more revenue, you can't grow. And if you can't grow, you can't possibly solve large social problems.
What made Louis Vuitton famous was the quality. We don't do marketing; we just create products which are exceptional in their design and craftsmanship.
Records are the only thing that remain of an athlete, the only thing that people will remember. If I want to ensure that people don't forget me, I can only stop once I've set the bar as high as possible for anyone coming after me.
I came to Paris with four Γ©cus in my pocket, and Iβd have fought with anybody who told me I was in no condition to buy the Louvre.
It's always an honor to be ranked high, but whatever is said about you, you take it and then take a realistic look at yourself and who you are.
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