Guru Speak: What John Bogle, father of index mutual fund investing, famously said

johnbogleJohn Bogle was the founder and retired CEO of the Vanguard Group. He is known for his 1999 book Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor, which became a bestseller and is considered a classic. A proponent of mutual funds for individual investors to build long term wealth, Bogle (through Vanguard) was the first to introduce low cost Index funds for individuals. Here are some famous words:

1. Time is your friend; impulse is your enemy.

2. If you have trouble imaging a 20% loss in the stock market, you shouldn’t be in stocks.

3. When reward is at its pinnacle, risk is near at hand.

4. We now have an equity fund industry that’s [worth] $2 trillion, and if everyone wants their $2 trillion back tomorrow, they’re not going to get it.

5. Capitalism requires a structure and value system that people believe in and can depend on.

6. The scandal is not what’s illegal. It’s what’s legal.

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