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
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.
Interpretation
Words and literature are powerful tools for conveying important ideas and ideals, especially in advocacy.
John C. Bogle emphasizes the transformative power of language and literature in spreading significant ideas and values. He suggests that effective communication through words and books is crucial for influencing others and advocating for change, positioning them as vital instruments in a missionary's efforts to inspire and educate.
In practice
In a speech about community service, one might use this quote to highlight the importance of education and advocacy.
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.
My favorite subject was recess. Fortunately for me, I had a mother who believed I was smart.
Woe to that nation whose literature is disturbed by the intervention of power. Because that is not just a violation against "freedom of print," it is the closing down of the heart of the nation, a slashing to pieces of its memory.
I had not expected 'A Brief History of Time' to be a best seller. It was my first popular book and aroused a great deal of interest. Initially, many people found it difficult to understand. I therefore decided to try to write a new version that would be easier to follow.
If only for a half hour a day, a child should do something serviceable to the community
If you wish to be a lawyer, attach no consequence to the place you are in, or the person you are with; but get books, sit down anywhere, and go to reading for yourself. That will make a lawyer of you quicker than any other way.
Reading is at the center of our lives. The library is our brain. Without the library, you have no civilization.
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