The returns we read about in the industry sales literature vastly diminish when we move from the theoretical … - John C. Bogle

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The Sanders campaign showed that a candidate with mildly progressive programs could win the nomination, maybe the election, even without the backing of the major funders or any media support. There's good reason to suppose that Sanders would have won the nomination had it not been for shenanigans of the Obama-Clinton party managers. He is now the most popular political figure in the country by a large margin.

John C. Bogle

The returns we read about in the industry sales literature vastly diminish when we move from the theoretical world of market indexes to the real world of actually investing.

Literature, Move, Moving, Read, Real

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.

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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