It seems to me – particularly for these retirement-plan investors, the vast majority of whom are not particularly financially sophisticated – by far the best way is to invest in index funds. John C. Bogle Read Quote
What indexing does is neutralize a large part of the stock market. There’s no trading in those stocks, or almost none. John C. Bogle Read Quote
The reality of life is, if you have a bagel shop and everybody is pouring into the doughnut shop across the street, if you want to stay in business, you start selling doughnuts. John C. Bogle Read Quote
The driving force of any profession includes not only the special knowledge, skills and standards that it demands, but the duty to serve responsibly, selflessly and wisely, and to establish an inherently ethical relationship between professionals and society. John C. Bogle Read Quote
We must work to establish a ‘fiduciary society,’ where manager/agents entrusted with managing other people’s money are required – by federal statute – to place front and center the interests of the owners they are duty-bound to serve. John C. Bogle Read Quote
The grim irony of investing is that we investors as a group not only don’t get what we pay for, we get precisely what we don’t pay for. John C. Bogle Read Quote
Well, bitcoin is a currency. Bitcoin has no underlying rate of return. You know, bonds have an interest coupon. Stocks have earnings and dividends. Gold has nothing, and bitcoin has nothing. There is nothing to support the bitcoin except the hope that you will sell it to somebody for more than you paid for it. John C. Bogle Read Quote
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. Bogle Read Quote
I would advise someone who has just retired to be something in the broad range of 50/50 stocks and bonds. John C. Bogle Read Quote
