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Two, when you begin to invest so that you will have enough for your own retirement many decades hence, do so in a way that minimizes the extraction by the financial community of the returns generated by business. This is, yes, a sort of self serving recommendation to invest in low-cost all-U.S.—and global—stock market index funds, the only way to g... See more
John Bogle • "Enough"
The Investment Answer: Learn to Manage Your Money & Protect Your Financial Future
amazon.com
And let’s say he still went on to earn the extraordinary annual investment returns he’s been able to generate (22% annually), but quit investing and retired at age 60 to play golf and spend time with his grandkids. What would a rough estimate of his net worth be today? Not $84.5 billion. $11.9 million. 99.9% less than his actual net worth.
Morgan Housel • The Psychology of Money: Timeless lessons on wealth, greed, and happiness
Amidst this wave of complexity, have we forgotten the fact that the most productive investing is the simplest investing, the most peaceable investing, the lowest-cost investing, the most tax-efficient investing—investing with the most consistent strategies and over the longest time horizon? Apparently so. And I’m afraid that the new jazzed-up itera
... See moreJohn C. Bogle • Enough: True Measures of Money, Business, and Life
Think about it: while the owners of business enjoy the dividend yields and earnings growth that our capitalistic system creates, those who play in the financial markets capture those investment gains only after the costs of financial intermediation are deducted. Thus, while investing in American business is a winner’s game, beating the stock market... See more
John Bogle • "Enough"
Therefore, as I wrote in my Little Book of Common Sense Investing, “the stock market is a giant distraction from the business of investing.”
John Bogle • Enough: True Measures of Money, Business, and Life
A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing (Tenth Edition)
amazon.com