John C. Bogle Quotes
There's no such thing as wealth without risk.
Topics
Prosperity
Risk
Uncertainty
Wealth
Economic Security, Economic Insecurity, Financial Security, Financial Insecurity
Fiscal Responsibility
Investment, Investments
Risk-management
Risk Taking
Diversification
Asset Allocation
Capital Preservation
Economic Gain
Financial Risk
Market Volatility
Portfolio Management
Return on Investment
Risk Tolerance
Citations
Bogle, John C. Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor. John Wiley & Sons, 1999.
Related Quotes
John Clifton "Jack" Bogle was an American investor, business magnate, and philanthropist. He was the founder and chief executive of The Vanguard Group, and is credited with creating the first index fund. An avid investor and money manager himself, he preached investment over speculation, long-term patience over short-term action, and reducing broker fees as much as possible. The ideal investment vehicle for Bogle was a low-cost index fund held over a period of a lifetime with dividends reinvested and purchased with dollar cost averaging.