Quotessence
Home / Quotes / Quote by John C. Bogle

Quote by John C. Bogle

“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.”

Quote by John C. Bogle

Create image

Author

John C. Bogle
John C. Bogle

John C. Bogle, born on May 8, 1929, is a distinguished investor. He is known as a pioneer in index investing and founded Vanguard Group, which has been instrumental in the development of low-cost index mutual funds. more

You May Also Like

“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
Create image

“There was this kind of wackiness that was really embraced and put on a pedestal. It was before the millennium. We were envisioning a future that was mostly idealistic. I think that came crashing down a little bit in 9/11, or a lot. There is something about Portland that does seem to still exist in this total idealistic world and total idealistic mind frame, and I think that's what Dream of the '90s is talking about.”

ThinkingWorldMindKindDream
Author:Carrie Brownstein
Create image

“Our capitalistic scheme in the latter years of the 20th century seems to have lost its way. We've had a "pathalogical change" from traditional owners capitalism where most of the rewards have gone to those who make the investments and assume the risks to a new and deeply flawed system of managers capitalism where the managers of our corporations our investment system, and our mutual funds are simply take too large a share of the returns generated by our corporations and mutual funds leaving the last line investors - pension beneficiaries and mutual fund owners at the bottom of the food chain.”

RiskShareCapitalismAssumingInvestmentBottomLeavingFundMutualInvestors20th CenturyFlawedPensionFood ChainMutual Fund
Author:John C. Bogle
Create image