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. John C. Bogle Read Quote
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. John C. Bogle Read Quote
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. John C. Bogle Read Quote
My grandfather was a wealthy and respected merchant in Montclair, New Jersey, where I was born. But his estate was wiped out in the Great Depression, and as a result, I had what I consider the ideal upbringing: We were a proud family, good citizens, and we didn’t have a sou. John C. Bogle Read Quote
Enjoy the magic of compounding returns. Even modest investments made in one’s early 20s are likely to grow to staggering amounts over the course of an investment lifetime. John C. Bogle Read Quote
It is the power of words and books – explaining and dramatizing great ideas and articulating high ideals – that is the greatest weapon in the missionary’s arsenal. John C. Bogle Read Quote
The market is often stupid, but you can’t focus on that. Focus on the underlying value of dividends and earnings. John C. Bogle Read Quote
I tend to give to those who have helped me along the road of life: Blair Academy, Princeton University, our church, and several hospitals that got me here in one piece. On the community side, I’ve always been a big supporter of the United Way. John C. Bogle Read Quote
I was never the type who had a particular ambition. I had friends in college who would say, ‘I want to be a vice president by the time I’m 35 years old.’ A lot of people had these career plans. I didn’t have any. I thought if I did my best, good things would happen. John C. Bogle Read Quote
Nothing is simpler than owning the stock market and holding it forever, and that’s essentially the idea behind the index fund. John C. Bogle Read Quote
