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.
I think the most important thing is to achieve what you set out to achieve. Just being a CEO in itself is not success. I would not relate success to a title or a position.
So much for industry, my friends, and attention to one's own business; but to these we must add frugality if we would make our industry more certainly successful. A man may, if he knows not how to save as he gets, keep his nose all his life to the grindstone, and die not worth a grout at last.
It's what you practice in private that you will be rewarded for in public.
The story of practically every great fortune starts with the day when a creator of ideas and a seller of ideas got together and worked in harmony.
Notoriety wasn't as good as fame, but was heaps better than obscurity.
The key factor that will determine your financial future is not the economy; the key factor is your philosophy.
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