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
The rewards of my life have been great. I built a company; I left things better than I found them. I have a good reputation. I put the Vanguard shareholders and crew first. That's a huge thing.
Interpretation
What this quote means
Success is measured by the positive impact we have on others and the integrity we uphold.
In this quote, John C. Bogle reflects on his achievements, emphasizing that true rewards come not just from building a successful company but also from the integrity and values upheld throughout that journey. He highlights the importance of prioritizing the well-being of others, like shareholders and employees, which ultimately contributes to a lasting and positive legacy.
Themes
SuccessIntegrityLeadershipLegacyImpact
In practice
Example use cases
In a business seminar discussing ethical leadership, one might quote Bogle to illustrate the importance of prioritizing stakeholders.
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.
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
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