3 Quotes & Sayings By John C Bogle

John C. Bogle is a legendary American investor, founder of The Vanguard Group, and author of Common Sense on Mutual Funds. In his book, The Battle for the Soul of Capitalism: Money, Myth, and Mortality at America's Corporate Legends, he describes the story of his life as an investing legend. He shares the phenomenally successful strategies he has used to invest in the markets for more than fifty years Read more

Bogle studied philosophy under Leo Tolstoy at Yale University and became a scholar of Kantian ethics at Columbia University Law School. He began his career as a lawyer under Robert F. Kennedy at the U.S. Department of Justice where he was assigned to investigate insurance company abuses.

While working there he served as a personal assistant to H.R. Haldeman, President Richard Nixon's chief advisor on domestic issues at the White House. In 1972 Bogle founded Vanguard Group Inc., an investment management company based in Malvern, Pennsylvania that pioneered index mutual funds starting with the first version of the S&P 500 Index Fund in 1976. Bogle currently serves as Chairman Emeritus and continues to work closely with the firm's senior management team and senior investment professionals worldwide to ensure Vanguard's continued growth and success as a global investment management company dedicated to improving lives through investment management in all its forms—individual, institutional, retail, and corporate—by providing investors with products that are easy to understand and inexpensively priced in comparison to standard market benchmarks in every asset class in which it may be possible for Vanguard to compete effectively—stocks, bonds, real estate, commodities, private equity funds (Vanguard Ventures), hedge funds (Vanguard Capital Management LLC), exchange-traded funds (Vanguard ETFs), mutual funds (Vanguard Brokerage Services LLC), annuities (Vanguard Life Insurance Company), 401(k) plans (Vanguard Retirement Services LLC), endowments (Vanguard Endowment Management Company), trust services (Vanguard Financial Advisors LLC), insurance products (Vanguard Life Insurance Company) and other investment products (e.g., Vanguard Institutional Index Funds). Bogle is also noted for his role in establishing the Institute for Sustainable Investing within The Vanguard Group during which he established five principles that guide Vanguard's approach to sustainable investing including "Performance Matters," "Investing is Not an Excuse," "Investment Decisions Should be Independent," "Investment Decisions Should be Immediate," "Investment

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As I have earlier noted, the most important things in life and in business can’t be measured. The trite bromide 'If you can measure it, you can manage it' has been a hindrance in the building a great real-world organization, just as it has been a hindrance in evaluating the real-world economy. It is character, not numbers, that make the world go ‘round. How can we possibly measure the qualities of human existence that give our lives and careers meaning? How about grace, kindness, and integrity? What value do we put on passion, devotion, and trust? How much do cheerfulness, the lilt of a human voice, and a touch of pride add to our lives? Tell me, please, if you can, how to value friendship, cooperation, dedication, and spirit. Categorically, the firm that ignores the intangible qualities that the human beings who are our colleagues bring to their careers will never build a great workforce or a great organization. John C. Bogle
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The mutual fund industry has been built, in a sense, on witchcraft. John C. Bogle