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
Have rational expectations for future returns and avoid changing those expectations in response to the ephemeral noise coming from Wall Street.
Interpretation
What this quote means
Maintain realistic investment expectations and ignore short-term market fluctuations.
This quote by John C. Bogle emphasizes the importance of having a grounded approach to investing. It suggests that investors should set realistic expectations for their future returns and not be swayed by the constant, often misleading, updates and fluctuations of the stock market. By focusing on long-term goals and resisting the temptation to react to market noise, investors can make more informed and sound financial decisions.
Themes
InvestmentExpectationsMarketNoiseWall StreetReturnsFinance
In practice
Example use cases
A financial advisor might use this quote to remind clients to stay focused on their long-term investment strategy.
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
Never, ever invest money that you will need prior to three to five years - minimum.
Suze OrmanRead
I am more and more impressed with the possibilities of history's repeating itself on many different counts. You don't get very far in Wall Street with the simple, convenient conclusion that a given level of prices is not too high.
Benjamin GrahamRead
There are no shortcuts when it comes to getting out of debt.
Dave RamseyRead
When growth is slower-than-expected, stocks go down. When inflation is higher-than-expected, bonds go down. When inflation is lower-than-expected, bonds go up.
Ray DalioRead
Short term volatility is greatest at turning points and diminishes as a trend becomes established
George SorosRead
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