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
Eliminate emotion from your investment program.
Interpretation
What this quote means
Investing should be based on logic and analysis rather than emotional responses.
John C. Bogle emphasizes that successful investing should rely on rational decision-making rather than being influenced by emotions such as fear or greed. By eliminating emotional responses, investors can make more informed decisions that align with their long-term financial goals, ultimately leading to greater rewards in the investment arena.
Themes
InvestmentEmotionRationalityFinanceDecisions
In practice
Example use cases
In a financial seminar discussing sound investment strategies.
More from John C. Bogle
All quotes βWhen 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.
John C. BogleRead
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.
John C. BogleRead
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.
John C. BogleRead
Investing is a virtuous habit best started as early as possible.
John C. BogleRead
Wise investors won't try to outsmart the market.
John C. BogleRead
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