A biography for John C. Boglehasn’t been written yet.
“The basic idea of retirement income is, to me, to get a check, two checks every month, one from your fixed income and one from equity account. And you want them to grow over time.”
“The malfeasance and misjudgments by our corporate, financial and government leaders, declining ethical standards, and the failure of our new agency society reflect a failure of capitalism.”
“If we wanted something, we had to earn it.”
“Time is your friend; impulse is your enemy.”
“Glen Weyl is a good friend of mine.”
“My favourite holdings are Vanguard's Wellington Fund, a balanced mutual fund which is a legacy investment from my first career at Wellington Management Co., and the Vanguard 500 Index Fund.”
“They were tough times and I started working when I was 10 years old, delivering papers and eventually becoming a waiter.”
“It occurs to me that, after the huge output of writing I've produced over the years, there is a close link between my twin careers as investment executive and financial writer: The power of the word and the power of the book have played a major role in turning my vision... into reality.”
“Successful investing is all about common sense.”
“As I have said before, the daily machinations of the stock market are like a tale told by an idiot, full of sound and fury, signifying nothing.”
“The stock market is a giant distraction from the business of investing.”
“I don't see any magic in hedge funds.”
“A fiduciary standard means, basically, put the interests of the client first. No excuses. Period.”
“While we would typically encourage young people to start saving for the future as early as possible, it's unlikely that a budding entrepreneur will be able to do so. The entrepreneur will need every bit of capital available for the business, which will likely crowd out personal savings.”
“The long-term focus of index funds is a much needed counterweight to the short-termism favored by so many market participants.”
“While the interests of the business are served by the aphorism 'Don't just stand there. Do something!' the interests of investors are served by an approach that is its diametrical opposite: 'Don't do something. Just stand there!'”
“Mutual funds with superior performance records often falter.”
“Invest as efficiently as you can, using low-cost funds that can be bought and held for a lifetime.”
“Don't look for the needle in the haystack. Just buy the haystack.”
“Investing is not nearly as difficult as it looks. Successful investing involves doing a few things right and avoiding serious mistakes.”