Surprise! The returns reported by mutual funds aren't actually earned by mutual fund investors.
John C. BogleThe 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.
John C. BogleThe transfer of Wall Street from private ownership to public ownership has been a big step backward.
John C. BogleI would always advise young people to follow their star - not my star. They have to live their own life. If they decide they want to go into the investment business, do it, but make it a better business than it is today.
John C. BogleI think it's gone much too far. Most of them are not worth the powder to blow them to hell.
John C. BogleThe fund scandals shined the spotlight on the fact that mutual fund managers were putting their interests ahead of the fund shareholders who trusted them, which had much more substantial consequences in the form of excessive fees and the promotion - as the market moved into the stratosphere - of technology funds and new economy funds which were soon to collapse.
John C. Bogle