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
It is the power of words and books - explaining and dramatizing great ideas and articulating high ideals - that is the greatest weapon in the missionary's arsenal.
Interpretation
What this quote means
Words and literature are powerful tools for conveying important ideas and ideals, especially in advocacy.
John C. Bogle emphasizes the transformative power of language and literature in spreading significant ideas and values. He suggests that effective communication through words and books is crucial for influencing others and advocating for change, positioning them as vital instruments in a missionary's efforts to inspire and educate.
Themes
WordsBooksIdeasCommunicationEducationMissionary
In practice
Example use cases
In a speech about community service, one might use this quote to highlight the importance of education and advocacy.
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.
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Wise investors won't try to outsmart the market.
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Like all those possessing a library, Aurelian was aware that he was guilty of not knowing his in its entirety.
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