159 Quotes by John C. Bogle

The historical data support one conclusion with unusual force: To invest with success, you must be a long-term investor.

If your fund doesn’t last for the long term, how can you invest for the long term?

Rely on the ordinary virtues that intelligent, balanced human beings have relied on for centuries: common sense, thrift, realistic expectations, patience, and perseverance.

Managed funds are astonishingly tax-inefficient.

The courage to press on regardless – regardless of whether we face calm seas or rough seas, and especially when the market storms howl around us – is the quintessential attribute of the successful investor.

It’s amazing how difficult it is for a man to understand something if he’s paid a small fortune not to understand it.

The principal role of the mutual fund is to serve its investors.

It’s 1450 out of 1500 ETF funds that I just wouldn’t touch because they’re not diversified enough. Or they have some huge speculative twist to them that if you can guess the markets right you will do very well for a day or two but who can do that? Nobody.

The grim irony of investing, then, 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. So if we pay for nothing, we get everything.