John C. Bogle
Quotations


Yes, the investor is often his own worst enemy. Yes, the marketing colossus known as the mutual fund industry provides the weaponry which enables investorsí to indulge their suicidal instincts. No, the fund industry was hardly an innocent bystander in the market boom and the subsequent carnage. "We have met the enemy and he is us" . . . all of us.

The principal role of the mutual fund is to serve its investors.

The courage to press on regardless--regardless of whether we face calm seas or rough seas, and especially when the market storms howl around us--is the quintessential attribute of the successful investor.



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