John C. Bogle Quotes

I've been in real estate for my whole life, I've been trying to sharpshoot the market with my investments, I'm never right. All you need to do is get near the bottom. That's good enough.

A hedge fund manager whose clients demand monthly performance reports has different needs than any individual investors with a 20-year time horizon. The needs of that long-term investor differ markedly from someone who is retiring in three years.

The most important thing is to stay the course - not to get shaken out of the market during a difficult time.

I do lament how many investors focus on all the short-term sugar buzz of some marginal improvement in something - nothing history books are ever going to be written about. In many cases, these are quick and easy ways to make money.

The kind of investors we seek are long term because that's how we make our decisions.

We don't really look at the stock, you know? Because for us, it's about the long term. And so we're very much focused on long-term shareholder value but not the short-term kind of stuff.

Investing is not nearly as difficult as it looks. Successful investing involves doing a few things right and avoiding serious mistakes.

I seek individual investments that will allow me to target total portfolio returns of at least 20% annually after fees and expenses on an annual basis over a period of years, not months.

I've usually used the phrase 'stay the course' as one of the great rules of investment success.

We talk about long-term patient investing, and that idea that slow and steady does win the race, that time can be your best friend when it comes to investing. That's why we have a turtle as a logo at Ariel.

Always invest for the long term.

Long-term investing has gotten so popular, it's easier to admit you're a crack addict than to admit you're a short-term investor.

It only takes a handful of big winners to make a lifetime of investing worthwhile.

The stock market is not a good arbitrator of success over the long term.

You don't make money when you buy stocks. And you don't make money when you sell stocks. You make money by waiting.

I'm a big believer in investing for the long term, and the decisions you make shouldn't be made if the economy is good or bad at a specific time.

The single biggest advantage a value investor has is not IQ. It's patience and waiting. Waiting for the right pitch, and waiting for many years for the right pitch.

With poker, you have a resolution of the hand within a couple of minutes. Whereas, even if the thought process in investing is very much the same, you're looking at an outcome that could be 2, 3, 4, 5 years from when you make the original decision. And the mindset related to that is very different.

A rule of thumb is that the best investors focus on losers, and the winners take care of themselves.

I always say investors invest in lines, not dots.

It's critical to have a disciplined investing approach and stick with it.

Stock market goes up or down, and you can't adjust your portfolio based on the whims of the market, so you have to have a strategy in a position and stay true to that strategy and not pay attention to noise that could surround any particular investment.

Much success can be attributed to inactivity. Most investors cannot resist the temptation to constantly buy and sell.

The typical big winner in the Lynch portfolio generally takes three to ten years to play out.

What's hot today isn't likely to be hot tomorrow. The stock market reverts to fundamental returns over the long run. Don't follow the herd.