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
Similar quotes
Those who don't manage their money will always work for those who do
Dave RamseyRead
When I trade, I don't have an agency problem; I have my neck on the line. When a bank or banker trades, it's not his neck on the line.
Nassim Nicholas TalebRead
Earnings don't move the overall market; it's the Federal Reserve Board... focus on the central banks, and focus on the movement of liquidity... most people in the market are looking for earnings and conventional measures. It's liquidity that moves markets.
Stanley DruckenmillerRead
The price of a commodity will never go to zero. When you invest in commodities futures, you're not buying a piece of paper that says you own an intangible piece of company that can go bankrupt.
Jim RogersRead
I think a very good system in a world with a lot of passive investors is one in which there are at least a few entrepreneurial investors, prepared to say what they think, prepared to propose a change in management, change in strategy, change in cost structure, capital structure.
Bill AckmanRead
Long-term investing has gotten so popular, it's easier to admit you're a crack addict than to admit you're a short-term investor.
Peter LynchRead