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
Regardless of what happens in the markets, stick to your investment program. Changing your strategy at the wrong time can be the single most devastating mistake you can make as an investor.
Interpretation
What this quote means
Stay committed to your investment plan despite market fluctuations to avoid detrimental mistakes.
John C. Bogle emphasizes the importance of adhering to one's investment strategy, even in the face of market volatility. He warns that altering your approach impulsively can lead to significant losses, suggesting that discipline and consistency are key components of successful investing.
Themes
InvestmentStrategyDisciplineRiskMarkets
In practice
Example use cases
During a presentation about stock market strategies, one could say, 'As John C. Bogle advises, regardless of market fluctuations, it's crucial to stick to your investment program.'
More from John C. Bogle
All quotes →When 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.
John C. BogleRead
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