John Bogle founded Vanguard which now manages $7.2 TRILLION
Here 12 quotes from the man who invented the index fund and created more millionaires than anyone in history:
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Here 12 quotes from the man who invented the index fund and created more millionaires than anyone in history:
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1. 'Don’t look for the needle in the haystack. Just buy the haystack!'
If you don't enjoy stock research, or you're new to investing and want a minimum effort approach, just buy low-cost index funds
If you don't enjoy stock research, or you're new to investing and want a minimum effort approach, just buy low-cost index funds
2. 'Investing is not nearly as difficult as it looks. Successful investing involves doing a few things right and avoiding serious mistakes.'
From my years of investing and coaching others, the biggest mistake I see people make is overcomplicating their strategy
Keep it simple!
From my years of investing and coaching others, the biggest mistake I see people make is overcomplicating their strategy
Keep it simple!
3. 'Time is your friend; impulse is your enemy'
Invest with a long-term outlook of multiple decades and avoid buying the hype or out of FOMO
Hold strong businesses/index funds over the long term and you'll do better than most
Invest with a long-term outlook of multiple decades and avoid buying the hype or out of FOMO
Hold strong businesses/index funds over the long term and you'll do better than most
4. 'Where returns are concerned, time is your friend. But where costs are concerned, time is your enemy'
Compound interest is a beautiful thing
But every day it's not working for you, it's working against you
Particularly if you have debts
Compound interest is a beautiful thing
But every day it's not working for you, it's working against you
Particularly if you have debts
5. 'If you have trouble imagining a 20% loss in the stock market, you shouldn’t be in stocks'
If you could go back in time and pick the best-performing stocks of the last 5 years, your portfolio would suffer several 40% dips
Volatility is the price you pay for high returns
If you could go back in time and pick the best-performing stocks of the last 5 years, your portfolio would suffer several 40% dips
Volatility is the price you pay for high returns
6. 'Fund investors are confident that they can easily select superior fund managers. They are wrong.'
If you're going to invest in a fund, make it a passive one
Most active managers fail to outperform the passive funds
If you're going to invest in a fund, make it a passive one
Most active managers fail to outperform the passive funds
7. 'Learn every day, but especially from the experiences of others. It’s cheaper!'
Study those who've succeeded where you wish to succeed
If someone's book can teach you in 30 mins what would take 5 years to learn from trial and error, it's worth the investment!
Study those who've succeeded where you wish to succeed
If someone's book can teach you in 30 mins what would take 5 years to learn from trial and error, it's worth the investment!
8. 'The true investor… will do better if he forgets about the stock market and pays attention to his dividend returns and to the operating results of his companies.'
It takes time to master, but always stick to the fundamentals!
It takes time to master, but always stick to the fundamentals!
9. 'In the long run, investing is not about markets at all. Investing is about enjoying the returns earned by businesses.'
Never forget, investing is buying part ownership in a company
Make sure it's a company you believe in long term
Never forget, investing is buying part ownership in a company
Make sure it's a company you believe in long term
10. 'My biggest prediction for the future is that people are going to start looking after individual investors.'
This was an interesting one, because he's spot on
Investing for retail investors is more accessible and cheaper than ever!
This was an interesting one, because he's spot on
Investing for retail investors is more accessible and cheaper than ever!
11. 'The stock market is a giant distraction to the business of investing.'
Don't let the reams of ticker symbols, daily movements, articles and information distract you from why you're investing in the first place
Stick to your strategy and ignore the noise!
Don't let the reams of ticker symbols, daily movements, articles and information distract you from why you're investing in the first place
Stick to your strategy and ignore the noise!
12. 'Buying funds based purely on their past performance is one of the stupidest things an investor can do.'
You need to understand why it's performed well and if it should continue to do well, based on the companies held within that fund
The chart history is meaningless.
You need to understand why it's performed well and if it should continue to do well, based on the companies held within that fund
The chart history is meaningless.
BONUS quote:
'The historical data support one conclusion with unusual force: To invest with success, you must be a long-term investor.'
Simple facts: most short-term speculators (swing and day traders) lose money
The longer you hold, the more likely you are to succeed!
'The historical data support one conclusion with unusual force: To invest with success, you must be a long-term investor.'
Simple facts: most short-term speculators (swing and day traders) lose money
The longer you hold, the more likely you are to succeed!
For years, I've studied the traits of the most successful investors of the last century, implementing the learnings into the successful investment strategy I teach in my community
If you enjoyed this thread, please:
- Retweet the original tweet
- Check out @SavvyInvesting_
If you enjoyed this thread, please:
- Retweet the original tweet
- Check out @SavvyInvesting_
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