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
Wise investors won't try to outsmart the market.
Interpretation
What this quote means
Wise investors take a rational and patient approach rather than trying to beat the market.
This quote by John C. Bogle emphasizes the importance of a disciplined investment strategy over the hubris of attempting to outsmart the market. It suggests that successful investing relies on understanding market fundamentals and resisting impulsive decisions driven by short-term market fluctuations, advocating for a more thoughtful and grounded approach.
Themes
InvestingMarketWisdomDisciplineStrategy
In practice
Example use cases
During a financial seminar, one might quote Bogle to highlight the importance of a 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
The Vanguard Experiment was designed to prove that mutual funds could operate independently, and do so in a manner that would directly benefit their shareholders.
John C. BogleRead
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