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Quote by 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.”

Quote by John C. Bogle

Work

Common Sense on Mutual Funds

This book provides in-depth analysis and insights into the world of mutual funds, covering topics such as fund selection, risk management, and long-term investment strategies. Written by a renowned financial expert, it aims to empower readers with the knowledge and tools needed to make informed investment decisions. more

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

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“We are convinced that the intelligent investor can derive satisfactory results from pricing of either type (market timing or fundamental analysis via price). We are equally sure that if he places his emphasis on timing, in the sense of forecasting, he will end up as a speculator and with a speculator's financial results." And "The speculator's primary interest lies in anticipating and profiting from market fluctuations. The investor's primary interest lies in acquiring and holding suitable securities at suitable prices.”

“One of the ironies of the stock market is the emphasis on activity. Brokers, using terms such as 'marketability' and 'liquidity,' sing the praises of companies with high share turnover... but investors should understand that what is good for the croupier is not good for the customer. A hyperactive stock market is the pick pocket of enterprise.”

“In a world in which most investors appear interested in figuring out how to make money every second and chase the idea du jour, there's also something validating about the message that it's okay to do nothing and wait for opportunities to present themselves or to pay off. That's lonely and contrary a lot of the time, but reminding yourself that that's what it takes is quite helpful.”