Quotessence
Home / Quotes / Quote by John C. Bogle

Quote by 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.”

Quote by John C. Bogle

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

“While the apostles of the new so-called "behavioral" theory present ample evidence of how often human beings make irrational financial decisions, it remains to be seen whether these decisions lead to predictable errors that create systematic mispricings upon which rational investors can readily and economically capitalize.”

“Even if this advice to portfolio decision makers to drop dead is good advice, it obviously is not counsel that will be eagerly followed. Few people will commit suicide without a push. And fewer still will pay good money to be told to do what is against human nature and self-interest to do.”