John C. Bogle Quotes


The idea that a bell rings to signal when investors should get into or out of the stock market is simply not credible. After nearly fifty years in this business, I do not know of anybody who has done it successfully and consistently. I don't even know anybody who knows anybody who has done it successfully and consistently. Yet market timing appears to be increasingly embraced by mutual fund investors and the professional managers of fund portfolios alike.


Citations

Bogle, John C. Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor. John Wiley & Sons, 1999, p. 67.

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  • Born: May 8, 1929
  • Died: January 16, 2019
  • Nationality: American
  • Profession: Investor, Business Magnate, Philanthropist

John Clifton "Jack" Bogle was an American investor, business magnate, and philanthropist. He was the founder and chief executive of The Vanguard Group, and is credited with creating the first index fund. An avid investor and money manager himself, he preached investment over speculation, long-term patience over short-term action, and reducing broker fees as much as possible. The ideal investment vehicle for Bogle was a low-cost index fund held over a period of a lifetime with dividends reinvested and purchased with dollar cost averaging.