A Quote by John C. Bogle

There is almost no limit to the ability of investors to ignore the lessons of the past. — © John C. Bogle
There is almost no limit to the ability of investors to ignore the lessons of the past.
You can take lessons to become almost anything: flying lessons, piano lessons, skydiving lessons, acting lessons, race car driving lessons, singing lessons. But there's no class for comedy. You have to be born with it. God has to give you this gift.
Fogeydom is the last bastion of the bore and reminiscence is its anthem. It is futile to want the old days back, but that doesn't mean one should ignore the lessons of the visitable past.
I'm always wary of the lessons of the past. There's a lot of past out there, and you can draw whatever lessons you want.
The media wants overnight successes (so they have someone to tear down). Ignore them. Ignore the early adopter critics that never have enough to play with. Ignore your investors that want proven tactics and predictable instant results. Listen instead to your real customers, to your vision and make something for the long haul. Because that's how long it's going to take, guys.
Unless an investor has access to “incredibly high-qualified professionals,” they “should be 100 percent passive - that includes almost all individual investors and most institutional investors.
When we take no responsibility for any aspect of our past, we limit our ability to respond in the present and the future.
Singleton has an almost uncanny ability to resist being caught up in the fads and fancies of the moment. Like most great innovators [and investors! - Ed.], Henry Singleton is supremely indifferent to criticism.
Our comforting conviction that the world makes sense rests on a secure foundation: our almost unlimited ability to ignore our ignorance.
A pin lies in wait for every bubble. And when the two eventually meet, a new wave of investors learns some very old lessons: First, many in Wall Street (a community in which quality control is not prized) will sell investors anything they will buy. Second, speculation is most dangerous when it looks easiest.
Below, we itemize some of the quite different lessons investors seem to have learned as of late 2009 - false lessons, we believe. To not only learn but also effectively implement investment lessons requires a disciplined, often contrary, and long-term-oriented investment approach. It requires a resolute focus on risk aversion rather than maximizing immediate returns, as well as an understanding of history, a sense of financial market cycles, and, at times, extraordinary patience.
To define knowledge as merely empirical is to limit one's ability to know; it enfeebles one's ability to feel and think.
Over the past several decades, a growing number of investors have been choosing to put their money in funds that screen companies for their environmental and labor records. Some socially responsible investors are starting to add free expression and privacy to their list of criteria.
Investors should always keep in mind that the most important metric is not the returns achieved but the returns weighed against the risks incurred. Ultimately, nothing should be more important to investors than the ability to sleep soundly at night.
I ignore the jealous, I ignore the malicious, I ignore the ignorant, and I ignore the paranoid. If the shoe fits anyone, wear it.
As for kids who are struggling personally, ignore the bullies! Who cares what they think? A lot of the time, they're not thinking, so you shouldn't take their words to heart. Ignore, ignore, ignore, and keep pushing forward.
Lessons that come easy are not lessons at all. They are gracious acts of luck. Yet lessons learned the hard way are lessons never forgotten.
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