“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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About John C. Bogle

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More from John C. Bogle (101 quotes) →

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Books by John C. Bogle

The little book of common sense investing

2017

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Common sense on mutual funds

2010

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The clash of the cultures

2012

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Character Counts

2002

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Stay the Course

2018

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