159 Quotes by John C. Bogle

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

Your success in investing will depend in part on your character and guts, and in part on your ability to realize at the height of ebullience and the depth of despair alike that this too shall pass.

An investment in knowledge always pays the best interest. Learning is to the Studious, and Riches to the Careful. If a man empties his purse into his head, no man can take it away from him.

Reversion to the mean is the iron rule of the financial markets.

Index funds eliminate the risks of individual stocks, market sectors, and manager selection. Only stock market risk remains.

You know the rule of 72, divide the number into 72, any number you want, and that’s how long it will take your money to double.

The mistakes we make as investors is when the market’s going up, we think it’s going to go up forever. When the market goes down, we think it’s going to go down forever. Neither of those things actually happen. Doesn’t do anything forever. It’s by the moment.

Surprise! The returns reported by mutual funds aren’t actually earned by mutual fund investors.

If the data do not prove that indexing wins, well, the data are wrong.