“My biggest prediction for the future is that people are going to start looking after individual investors.” PeopleIndividualInvestorsPredictions Author:John C. Bogle
“The general systems of money management today require people to pretend to do something they can't do and like something they don't. It's a funny business because on a net basis, the whole investment management business together gives no value added to all buyers combined. That's the way it has to work. Mutual funds charge two percent per year and then brokers switch people between funds, costing another three to four percentage points. The poor guy in the general public is getting a terrible product from the professionals.” PeopleWayGivingYearsTwoWholeTodayTogetherGuyValuesThreePoorFourProductsTerriblePercentBasesManagementInvestmentInvestingFundMutualPercentagesLike SomethingBuyersMoney ManagementGeneral PublicFunny BusinessBrokersMutual FundInvestment Management Author:John C. Bogle
“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.” PeopleTodayInvestmentAdvise Author:John C. Bogle
“The business has some problems, substantial problems. You go fix it, you young people. That's what you're there for. Don't believe what the old generation tells you. We don't know a damn thing, including Bogle.” PeopleBelieveProblem Author:John C. Bogle
“I was born in an earlier generation and, as a group, my classmates at Blair Academy and Princeton University were as ethical, straightforward, and integrity laden as you could possibly imagine - perhaps not a 100% - but the overwhelming majority. I've been in business a long, long time and I simply cannot imagine seeking out cheating, greedy people.” PeopleLongImagineIntegrityCheatingEthicalOverwhelmingGreedyStraightforwardClassmates Author:John C. Bogle
