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
There's no perfection in family life, and certainly we aren't perfect, but we're probably about as close as we can be.
Interpretation
What this quote means
Family life is inherently imperfect, yet we strive for closeness and connection.
John C. Bogle expresses the idea that while perfection is unattainable in family life, the efforts and love shared among family members can create a sense of closeness that feels as perfect as it can be. The quote highlights the importance of acceptance and understanding within familial relationships, acknowledging flaws while celebrating the bond that unites family members.
Themes
FamilyImperfectionClosenessRelationshipsLove
In practice
Example use cases
Use this quote in a speech about the importance of family gatherings.
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.
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Investing is a virtuous habit best started as early as possible.
John C. BogleRead
Wise investors won't try to outsmart the market.
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