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
Mutual funds with superior performance records often falter.
Interpretation
What this quote means
Past performance does not guarantee future success in mutual funds.
This quote by John C. Bogle highlights the idea that even mutual funds which have previously shown exceptional performance can underperform in the future. It serves as a cautionary reminder to investors that relying solely on past results can be misleading, and they should consider various factors before making investment decisions.
Themes
Mutual FundsPerformanceInvestmentFinanceCaution
In practice
Example use cases
During a financial seminar, this quote can be used to remind investors to research thoroughly.
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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