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
Investing is not nearly as difficult as it looks. Successful investing involves doing a few things right and avoiding serious mistakes.
Interpretation
What this quote means
Investing is manageable if approached correctly, focusing on key principles and avoiding pitfalls.
In this quote, John C. Bogle emphasizes that investing, while often perceived as a complicated endeavor, can be quite straightforward. By concentrating on fundamental principles and steering clear of significant errors, individuals can achieve success in their investment journeys without being overwhelmed by complexity.
Themes
InvestingSuccessMistakesPrinciplesFinance
In practice
Example use cases
During a finance seminar, this quote could be used to inspire attendees about the simplicity of investing.
More from John C. Bogle
All quotes βWhen 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. BogleRead
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.
John C. BogleRead
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.
John C. BogleRead
Investing is a virtuous habit best started as early as possible.
John C. BogleRead
Wise investors won't try to outsmart the market.
John C. BogleRead
Similar quotes
There are all kinds of businesses that Charlie and I don't understand, but that doesn't cause us to stay up at night. It just means we go on to the next one, and that's what the individual investor should do.
Warren BuffettRead
Everybody thinks that they're going to time the market, they're going to sharpshoot the market, and buy right at the bottom. The truth of the matter is that nobody is good at it.
Barbara CorcoranRead
Most investors would be better off in an index fund.
Peter LynchRead
Owning equities is an essential part of anyone's portfolio. You just can't ignore it over time. It's going to add the real pop to anyone's overall performance.
Warren StephensRead
Read Ben Graham and Phil Fisher read annual reports, but don't do equations with Greek letters in them.
Warren BuffettRead
There's quite a bit of evidence that even professionals don't show any ability to pick stocks or to predict market rollbacks. Most of the people we identify as skilled based on returns have probably just been lucky.
Eugene FamaRead