A Quote by John C. Bogle
What we need is congressional action to establish a federal principle of fiduciary duty - encapsulated by the phrase 'no man can serve two masters.'
Related Quotes
We must work to establish a 'fiduciary society,' where manager/agents entrusted with managing other people's money are required - by federal statute - to place front and center the interests of the owners they are duty-bound to serve.
When it comes to the Federal Reserve, there's an awful lot of books out there; in my library, I bet I've got 200 books if I've got any on the Federal Reserve. And we don't need any more books, we need action, and that's what the Liberty Dollar did, it gave people a way to take action. Our catch phrase was you want to "make money, do good, and have fun," and people really responded to that.
We need to reorganize our entire system of retirement plan investing and to develop federal standards of fiduciary duty for pension trustees and fund managers. These require "top down" intervention. But we also need investors to look after their own economic interests, a bottom up approach to our problems that is well within our individual power to undertake.
I believe Washington should be a more active participant focusing on the issue of why corporate shareholders and mutual fund shareholders are not given fair treatment by corporate management and mutual fund management. We need to develop a national standard of fiduciary duty to ensure that these agents, if you will, are adequately representing the principles - pension beneficiaries and mutual fund shareholders - whom they are duty bound to serve.
I am sick and tired of hearing that it is our moral duty to serve the state, because conservatives believe that it is our moral duty to serve our fellow man regardless of race, sex, affiliation or creed, and when we serve, we believe that it is the state's duty to get out of the way.
The New Testament states that man cannot serve two masters. He must choose one -God, and not the other - money. For what man chooses will reveal his heart.
If a man cannot serve two masters, neither can Christianity, or several thousand of them as the case may be.
If you chose to serve in Congress or on a congressional staff, you should be barred for life from working for any company, organization, or association which lobbies the federal government.
Now the soul of man is divided into two parts, one of which has a rational principle in itself, and the other, not having a rational principle in itself, is able to obey such a principle. And we call a man in any way good because he has the virtues of these two parts.
There are three principles in a man's being and life, the principle of thought, the principle of speech, and the principle of action. The origin of all conflict between me and my fellow-men is that I do not say what I mean and I don't do what I say.
Self-determination is not a mere phrase. It is an imperative principle of action, which statesmen will henceforth ignore at their peril.
One heart cannot serve two masters.
A life is either all spiritual or not spiritual at all. No man can serve two masters. Your life is shaped by the end you live for. You are made in the image of what you desire.
Verily a man cannot serve two masters. And I consider the foundation or destruction of a religion far greater than the foundation or destruction of a state, let alone a party.
[T]he historian must serve two masters, the past and the present.
I've declined every congressional benefit I could decline, federal health insurance, the retirement program, the 403(b) program, which I think is overly generous. I've got self-imposed term limits of six terms if I have the privilege to serve that long.
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