Common Sense Investing - John C Bogle (3)

Here are some more quotes:

Among intermediate-term taxable bond funds, the low-cost index fund is truly a superior performer.

Among long-term tax-exept bond funds, once again, indexing wins.

Among short-term Treasury funds, the lowest cost option wins again.

Among money market funds - surprise! - low cost wins again.

No one would have the temerity to promote a new strategy that has lagged in the past.

The greatest enemy of a good plan is the dream of a prfect plan. Stick to the good plan.

Typical ETF investors have absolutely no idea what relationship their investment return will have to the return earned by the stock market.

A "double whammy": betting on hot sectors (emotions) and paying heavy costs (expenses) are sure to be hazardous to your wealth.

ETFs are an entrepreneur's dream come true. But are they an investor's dream come true?

The majority of investors should be satisfied with the reaonsably good erturn obtainable from a defensive portfolio.

Unsoundly managed funds can product spectacular but largely illusionary profits for a while, followed inevitably by calamitous losses.

The real money in investment will be made not out of buying and selling but of owning and holding securities.

I see no reason why investors should be content with results inferior to those of an indexed fund.

To achieve satisfactory investment results is easier than most people realize.

The two sources of the superior returns of the indexed fund: (1) the broadest possible diversification; and (2) the tiniest possible costs.

No business can forever ignore the interest of its clients.

While an index-driven strategy may not be the best investment strategy ever devised, the number of investment strategies that are worse is infinite.

In your Serious Money Account, 50 to 95 percent in classic index funds. In your Funny Money Account, not one penny more than 5 percent.

For all the inevitable uncertainty amidst the externally dense fog surrounding the world of investing, there remains much that we do know.