159 Quotes by John C. Bogle

There's no such thing as wealth without risk.

I've been studying mutual funds since 1949, when I began researching my senior thesis at Princeton University.

The market is often stupid, but you can't focus on that. Focus on the underlying value of dividends and earnings.

We have moved from treating funds as investment trusts designed to serve their owner-beneficiaries to treating funds as consumer products, designed to attract the largest possible assets. This new approach has ill-served the interests of fund shareholders.

When a door closes, if you look long enough and hard enough, if you're strong enough, you'll find a window that opens.

My incentive in starting Vanguard, I'm very blunt about this, it was my means of preserving my career. That's a very selfish thing.

Being an entrepreneur is not for the faint of heart. It is a high-risk, high-reward proposition.

I would advise someone who has just retired to be something in the broad range of 50/50 stocks and bonds.

The grim irony of investing is that we investors as a group not only don't get what we pay for, we get precisely what we don't pay for.