A Quote by John C. Bogle

Vanguard never would have happened if I hadn't been fired as CEO of Wellington Management Company, the firm that did the investing for the Wellington fund and eight sister funds.

John C. Bogle

Quote Topics

Been CEO Company Did Eight Fired Firm Fund Funds Happened Investing Management Never Sister Vanguard Wellington Would

Quote Author

John C. Bogle
American - Businessman
May 8, 1929 - January 16, 2019

My favourite holdings are Vanguard's Wellington Fund, a balanced mutual fund which is a legacy investment from my first career at Wellington Management Co., and the Vanguard 500 Index Fund.

John C. Bogle

The culture of the mutual fund industry, when I came into it in 1951, was pretty much a culture of fiduciary duty and investment, with funds run by investment professionals. The firm I worked with, Wellington Management Co., they had one fund. That was very typical in the industry... investment professionals focused on long-term investing.

John C. Bogle

I find this kind of folk with guys in Wellington boots and washboards not good to listen to. That music is one step away from barn dancing as far as I'm concerned. Anyone under the age of 60 should not be wearing Wellington boots on stage.

Johnny Marr

I've never been a guy who was anal about housework. A typical Wellington flat when I was flatting was a warehouse with, basically, sheets hung up for walls.

Taika Waititi

When Wellington thrashed Bonaparte, As every child can tell, The House of Peers, throughout the war, Did nothing in particular, And did it very well

W. S. Gilbert

The most common mistakes were investing in money market funds by people who were so scared at the prospect of managing their own funds that they picked the most conservative option, and their investments did not keep up with inflation. The second major mistake was being too heavily invested in their own company's stock, and buying when it was high and there was a lot of optimism about the company, and then having to sell it low when the company got in trouble.

Hedrick Smith

Diversification has been, and balance, like Wellington, has been so drummed into me, it's part of my personality.

John C. Bogle

A minuscule 4 percent of funds produce market-beating after-tax results with a scant 0.6 percent (annual) margin of gain. The 96 percent of funds that fail to meet or beat the Vanguard 500 Index Fund lose by a wealth-destroying margin of 4.8 percent per annum.

David F. Swensen

Invest in low-turnover, passively managed index funds... and stay away from profit-driven investment management organizations... The mutual fund industry is a colossal failure... resulting from its systematic exploitation of individual investors... as funds extract enormous sums from investors in exchange for providing a shocking disservice... Excessive management fees take their toll, and manager profits dominate fiduciary responsibility.

David F. Swensen

Can a magician kill a man by magic?” Lord Wellington asked Strange. Strange frowned. He seemed to dislike the question. “I suppose a magician might,” he admitted, “but a gentleman never would.

Susanna Clarke

I've never had a relationship with a record executive. I always went to the record company by someone that liked my playing. Then they would get fired, and I'd be left with the record company. And then - because they got fired - the record company wouldn't do anything for me.

Ornette Coleman

The Duke of Wellington brought to the post of first minister immortal fame,-a quality of success which would almost seem to include all others.

Benjamin Disraeli

We started out as boss and player, and Wellington was almost like my father.

Frank Gifford

While I have never been more excited about SecondMarket, I have chosen to move on from day-to-day management of the private company/fund business so that I can focus 100% of my energy on our digital currency business.