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

— John Bogle

Princeton thesis, 1951 ( http://www.vanguard.com/bogle_site/sp20051015.htm)

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "The principal role of the mutual fund is to serve its investors." by John Bogle?

John Bogle 4

1929–2019

Related quotes

“Full service brokers, in this day and age of low cost mutual funds and discount brokers, are really nothing more than machines for ripping off retail investors.”

Joel Spolsky (1965) American blogger

"Wall Street Survival 101" http://www.joelonsoftware.com/articles/WallSt101.html

“Yes, the investor is often his own worst enemy. Yes, the marketing colossus known as the mutual fund industry provides the weaponry which enables investors’ 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.”

John Bogle (1929–2019)

Speech to Financial Analysts of Philadelphia, February 15, 2001 ( http://www.vanguard.com/bogle_site/sp20010215.html)

“If you think mutual funds aren’t a flagrant enough example of conflict of interest, try hedge funds.”

Peter D. Schiff (1963) American entrepreneur, economist and author

Quotes from Crash Proof (2006)

“Mutual funds are an overrated investment heavily promoted by Wall Street.”

Peter D. Schiff (1963) American entrepreneur, economist and author

Quotes from Crash Proof (2006)

“The ability to create same day straight through processing of mutual fund trades is a matter of will.”

Kenneth Griffin (1968) American hedge fund manager

"Justice Delayed," FTSE Global Markets (May/June 2005) http://www.ftse.com/Research_and_Publications/Downloads/GMMayJune05_1.pdf
On using technology to end market timing.

“The brokerage and mutual fund business form a financial colossus that bestrides modern financial, and increasingly, social and political life.”

William J. Bernstein (1948) economist

Introduction, p. xii.
The Four Pillars of Investing (2002)

“If I can't serve as a role model, let me serve as a warning.”

Mason Cooley (1927–2002) American academic

“China and India played a much larger role than they did before in providing these funds for the poorest countries.”

Jim Yong Kim (1959) Korean-American physician and anthropologist, 12th President of the World Bank

Banker to the Poor, A Conversation With Jim Yong Kim, October, 14

“If in any process there are a number of contradictions, one of them must be the principal contradiction playing the leading and decisive role, while the rest occupy a secondary and subordinate position. Therefore, in studying any complex process in which there are two or more contradictions, we must devote every effort to finding its principal contradiction. Once this principal contradiction is grasped, all problems can be readily solved.”

Mao Zedong book On Contradiction

On Contradiction (1937)

“Of the two contradictory aspects, one must be principal and the other secondary. The principal aspect is the one playing the leading role in the contradiction. The nature of a thing is determined mainly by the principal aspect of a contradiction, the aspect that has gained the dominant position. But this situation is not static; the principal and the non-principal aspects of a contradiction transform themselves into each other and the nature of the thing changes accordingly.”