If you put nothing away for retirement, I can tell you, to the last penny, how much you will have when you retire: nothing. John C. Bogle Read Quote
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. John C. Bogle Read Quote
If you were to just design the perfect retirement plan, you would own the stock market or you would own the bond market. You would get all the costs or all that you possibly could out of the system. So on an annual basis, if the market went up 8 percent, you would get 7.8 or 7.9 percent. John C. Bogle Read Quote
I spend about half of my time wondering why I have so much in stocks and about half wondering why I have so little. John C. Bogle Read Quote
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. Bogle Read Quote
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. Bogle Read Quote
If the job of capitalism is to create wealth for those who put up the capital, no fund group comes close to Vanguard’s success in serving its owners. So we’re probably as far away from communism as is realistically possible. John C. Bogle Read Quote
Being an entrepreneur is not for the faint of heart. It is a high-risk, high-reward proposition. John C. Bogle Read Quote
