“You know the rule of 72, divide the number into 72, any number you want, and that's how long it will take your money to double.” KnowsWantLongNumbersDivides Author:John C. Bogle
“We are facing incredible challenges in the economy of the U.S. and the economy of the globe, but the stock market, we never know whether it's over-discounted or under-discounted or got exactly right its anticipation.” KnowsChallengesEconomyIncrediblesAnticipationGlobes Author:John C. Bogle
“In Las Vegas we all know that it's the croupiers who win. At the race track, it's those who control the handle who win. State lotteries, does anybody think the participants in the lottery win? No. The state wins.” ThinkingKnowsDoeStatesWinningRaceTrackHandleVegasLas VegasParticipantsLotteryRace Track Author:John C. Bogle
“But whatever the consensus on the EMH, I know of no serious academic, professional money manager, trained security analyst, or intelligent individual investor who would disagree with the thrust of EMH: The stock market itself is a demanding taskmaster. It sets a high hurdle that few investors can leap.” KnowsIndividualSecuritySeriousIntelligentInvestingManagersLeapDisagreeInvestorsAcademicConsensusThrustAnalystsHurdle Author:John C. Bogle
“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.” KnowsShouldYearsIdeasDoneInvestingRingsManagersFiftyFundMutualInvestorsBellsTimingConsistentlySignalsCrediblePortfoliosMutual FundMarket Timing Book:Common Sense on Mutual Funds Source: Common Sense on Mutual Funds
