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
Investing is a virtuous habit best started as early as possible.
Interpretation
What this quote means
Starting to invest early fosters positive financial habits and growth.
This quote emphasizes the importance of developing the habit of investing as early as possible in life. John C. Bogle highlights that investing is not just about accumulating wealth, but it also cultivates a discipline and responsibility towards financial management, which can lead to greater long-term benefits.
Themes
InvestingHabitFinanceWealthDisciplineGrowth
In practice
Example use cases
In a seminar on personal finance, a speaker might say, 'As John C. Bogle once stated, investing is a virtuous habit best started as early as possible.'
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
Wise investors won't try to outsmart the market.
John C. BogleRead
The Vanguard Experiment was designed to prove that mutual funds could operate independently, and do so in a manner that would directly benefit their shareholders.
John C. BogleRead
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