Capitalism is not a Ponzi scheme. Capitalism is a scheme of free markets. - John C. Bogle - Quotesmemo.com

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We've taken on the major health problems of the poorest - tuberculosis, maternal mortality, AIDS, malaria - in four countries. We've scored some victories in the sense that we've cured or treated thousands and changed the discourse about what is possible.

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John C. Bogle

Capitalism is not a Ponzi scheme. Capitalism is a scheme of free markets.

Free Market, Capitalism, Scheme, Ponzi, Free

Same Author Quotes

It's 1450 out of 1500 ETF funds that I just wouldn't touch because they're not diversified enough. Or they have some huge speculative twist to them that if you can guess the markets right you will do very well for a day or two but who can do that? Nobody.

1450, Day, Guess, Investing, Twists, Two

On balance, the financial system subracts value from society

Balance, Financial, Financial System, Subracts, System, Value

Managed funds are astonishingly tax-inefficient.

Astonishingly, Fund, Funds, Investing, Managed, Taxes

The business has some problems, substantial problems. You go fix it, you young people. That's what you're there for. Don't believe what the old generation tells you. We don't know a damn thing, including Bogle.

Believe, Fix, People, Problem, Substantial

While the apostles of the new so-called "behavioral" theory present ample evidence of how often human beings make irrational financial decisions, it remains to be seen whether these decisions lead to predictable errors that create systematic mispricings upon which rational investors can readily and economically capitalize.

Create, Decision, Errors, Investing, Investors, Present

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For me, New York still ranks as the most beautiful and the most interesting city in the world. It is also the most varied in terms of the things it has to offer.

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We've taken on the major health problems of the poorest - tuberculosis, maternal mortality, AIDS, malaria - in four countries. We've scored some victories in the sense that we've cured or treated thousands and changed the discourse about what is possible.

Changed, Country, Problems, Scored, Taken, Victory

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