“The mistakes we make as investors is when the market's going up, we think it's going to go up forever. When the market goes down, we think it's going to go down forever. Neither of those things actually happen. Doesn't do anything forever. It's by the moment.” ThinkingMomentsHappensMistakeForeverInvestors 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
“I think it's gone much too far. Most of them are not worth the powder to blow them to hell.” ThinkingGoneHellInvestingBlowPowder Author:John C. Bogle
“Sure there are some companies at the margins of our society that probably do that and I think we all have the responsibility as consumers and as investors to avoid them like the plague. If we do, they won't last very long. Doing what's right is the only possible formula for long-term - I emphasize long term - business success.” ThinkingLongTermResponsibilityLong TermInvestorsPlague Author:John C. Bogle
“I'm not an expert on Islam, but I think there are lots of noble religions whose basic principles could stand considerably more observation in the world of business.” ThinkingWorldIslamObservation Author:John C. Bogle
“I think we all ought to be careful about too much generalization on this issue, even as I confess to painting with a pretty broad brush myself!” ThinkingPaintingCarefulBe Careful Author:John C. Bogle
“I think it's fairly easy to provide a moral defense of capitalism. It has been - over the last 200 years - the underlying basis for enormous increases in productivity and human welfare and rising living standards, particularly in the United States, and in the industrialized nations but in fact, in most parts of the world.” ThinkingWorldEasyMoralCapitalismProductivityWelfare Author:John C. Bogle
“I'd be the first to agree that capitalism bestows its blessings unevenly. But that wouldn't persuade me to think it was a good idea to do away with those blessings in their entirety. That said, there is lots of work to be done to make capitalism work better, and to broaden its blessings far more widely not only in America, but all over the globe.” ThinkingDoneBlessingCapitalismAgree Author:John C. Bogle
