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
My only regret about money is that I don't have more to give away.
Interpretation
What this quote means
The quote expresses that the true value of money is in its ability to be shared and used for the benefit of others rather than as a personal accumulation.
John C. Bogle reflects on his views about money, emphasizing that the regret he feels is not stemming from a lack of wealth for personal enjoyment but rather from not having more resources to contribute to others. This perspective highlights the idea that financial success should, ideally, lead to greater generosity and altruism, suggesting that the ultimate purpose of wealth might be found in its potential to positively impact the lives of others.
Themes
MoneyGivingRegretWealthGenerosity
In practice
Example use cases
In a charity event, someone might say this quote to inspire donations.
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.
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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.
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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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