“We need a federal government commission to study the way our financial services system is working - I believe it is working badly - and we also need more educated investors. There are good long term low-priced mutual funds - my favorite is a total stock market index fund - and bad short term highly priced mutual funds. If investors would get themselves educated, and invest in the former - taking their money out of the latter - we would see some automatic improvements in the system, and see them fairly quickly.” BelieveLongI BelieveTermStudyFinancialMy FavoriteImprovementEducatedLong TermFundMutualInvestorsShort TermMutual FundGood Long Author:John C. Bogle
“I believe Washington should be a more active participant focusing on the issue of why corporate shareholders and mutual fund shareholders are not given fair treatment by corporate management and mutual fund management. We need to develop a national standard of fiduciary duty to ensure that these agents, if you will, are adequately representing the principles - pension beneficiaries and mutual fund shareholders - whom they are duty bound to serve.” BelieveI BelieveDutyManagementFundMutualPensionMutual Fund Author:John C. Bogle
“I believe - deeply and profoundly - that speculation is a loser's game.” BelieveI BelieveSpeculation Author:John C. Bogle
“I believe that the behavior of too many of our corporations investment bankers and fund managers has jeopardized some of the trust that investors have had. It's not the economic engine that we need to focus on, but the need to make sure that our investors receive their fair share of the returns that that great economic system produces.” BelieveI BelieveFocusShareEconomicBehaviorInvestmentFundInvestors Author:John C. Bogle
“I believe that the mutual fund industry's biggest shortcoming is too much focus on the momentary price of a stock - an illusion - and too little focus on the intrinsic value of the corporation - the ultimate reality. I'm comforted by the fact that Warren Buffett feels the same way.” BelieveRealityValuesI BelieveFocusIllusionUltimateFundMutualShortcomingsMutual FundBuffettWarren Buffet Author:John C. Bogle
“Corporate leaders surely have their problems, I believe that most CEOs are doing their best to hew to the ethical line. The problem is that that line has gotten blurred and that our moral standard seems to be "if everybody else is doing it, it's okay". That's not good enough for me.” BelieveEnoughProblemI BelieveLeaderMoralOkayGood EnoughEthicalCeoNot Good Enough Author:John C. Bogle
