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. BogleRead
I almost hate to say how proud I am of my career and, most of all, helping folks get the returns they deserve.
Interpretation
This quote reflects pride in one's accomplishments, especially in helping others succeed.
John C. Bogle expresses a heartfelt pride in his career and emphasizes the fulfillment derived from assisting others in achieving the rewards they rightfully deserve. This sentiment underscores the importance of service and generosity in personal and professional success, revealing that true achievement often includes the success of others.
In practice
A speaker might use this quote during a graduation speech to inspire students about their future careers.
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.
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.
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.
Net return is simply the gross return of your investment portfolio less the costs you incur. Keep your investment expenses low, for the tyranny of compounding costs can devastate the miracle of compounding returns.
Investing is a virtuous habit best started as early as possible.
Wise investors won't try to outsmart the market.
The only way to consistently grow in B2B is to be better than very good.
Certainly, I've never wanted to live on past achievements.
When a great man has some one object in view to be achieved in a given time, it may be absolutely necessary for him to walk out of all the common roads.
Success isn't something you chase. It's something you have to put forth the effort for constantly. Then maybe it'll come when you least expect it. Most people don't understand that.
You want to be the last company in a category. Those are the ones that are really valuable.
Business opportunities are like buses, there's always another one coming.
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