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John Bogle’s Interview with Jim Lange, on Jack Bogle’s 10 rules for investment success. John Bogle was the founder and chief executive of The Vanguard Group, and was credited with creating the first index fund. #JohnBogle #JackBogle #Boglehead
Timestamps:
0:00 – John Bogle’s key 10 rules of investing are :
0:16 – 1. Reversion to the mean: What’s hot today isn’t likely to be hot tomorrow.
2:51 – 2. Time is your friend: Let the miracle of compound interest work for you.
5:15 – 3. Buy right and hold tight: Stick to the plan no matter how greedy or scared you become.
6:09 – 4. Have realistic expectations: You are unlikely to get rich quickly.
7:09 – 5. Forget the needle, buy the haystack: Buy broad-based index or exchange-traded funds and you can cut stock risk, style risk, and manager risk.
7:53 – 6. Minimize the “croupier’s” take: Minimize fees by investing in low-cost funds. This increases your return.
8:39 – 7. There’s no escaping risk: There’s no wealth without risk.
12:47 – 8. Don’t fight the last war: What worked in the past is no predictor of what will work in future.
14:51 – 9. The hedgehog beats the fox: Foxes represent the financial institutions that charge far too much for their artful, complicated advice. A hedgehog does one thing when threatened — he curls up into a spiny ball. Simple, but effective, like an index fund.
16:46 – 10. Stay the course: The secret to successful investing isn’t forecasting or good stock picking. It is about making a plan, sticking to it, and eliminating unnecessary risks.
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John Bogle/ Boglehead books:
📚 John Bogle- Common Sense Investing ►
📚 The Bogleheads’ Guide to Investing ►
0:00 Introduction
0:01 John Bogle-Founder of Vanguard 10 rules for investment success
0:17 Reversion to the mean What’s hot today isn’t likely to be hot tomorrow
2:52 Time is your friend Let the miracle of compound interest work for you.
5:16 Buy right and hold tight Stick to the plan no matter how greedy or scared you become
6:11 Have realistic expectations You are unlikely to get rich quickly.
7:10 Forget the needle, buy the haystack Buy index funds and you can cut risk
7:55 Minimize the “croupier’s” take Minimize fees by investing in low-cost funds. This increases your return.
8:41 There’s no escaping risk
12:48 Don’t fight the last war What worked in the past is no predictor of what will work in future
14:53 The hedgehog beats the fox Foxes represent financial institutions & hedgehogs are index funds
16:47 Stay the course Make a plan, stick to it, and eliminate unnecessary risks
source
Reversion to the mean is no longer valid here.
Now it's 'continual derating'….
😖
Bagels are high carb death wheels!
John Boyle and Warren Buffett:
Marry the right person
Live below your means
Invest the difference
In thirty years you are wealthy
I own 3 Vanguard life cycle funds they have never disappointed me in growth!
Ten rules are too many for me to remember. I just buy and hold the total market and walk away.
10. Stay the course: The secret to successful investing isn’t forecasting or good stock picking. It is about making a plan, sticking to it, and eliminating unnecessary risks.
this is way important.
I wish I knew about this stuff when I was in my 20s. That being said, better late than never.
I have lost just as much money on bond investments as I have in equities.
The Federal Government may allow IRS to accept UNLIMITED advance taxes that can be used by our biological children as tax credit for their future INCOME. This thought can immediately neutralize $40T Federal Government Debt.
We’re animals? What foolishness.
Rest in Peace John Bogle.
Mr. Bogle is not so much a brilliant man as he is a wise man. These are simple rules that take willpower, patience, and wisdom to follow.
Twelve years after graduating from college I found myself broke. I started a self employed one man business that made me more money that I needed to survive on. I read this man's books and others ( A random Walk Down Wall Street) and put the extra money away in the S&P 500. I'm 67 now no with health issues and will die with millions of dollars more than I will ever be unable to spend. Follow this man's advice.
All this rules boil down to only one. Make an automatic investment with the dollar cost averaging in index funds. Same day of every month, same amount of money goes to the same index fund for years. Don’t guess, don’t check every week, don’t trade, don’t sell, don’t sweat. Easy, lazy, dump, boring. The longer you can do that, the better results you can get.
Fully aware that the stock market is the biggest fraud in human history. It has very little to do with the economy, the price of a stock reflects usually 16-17 TIMES!!!!!! the FUTURE, ESTIMATED, POSSIBLE, but by far not guaranteed earnings of the company, and the fact that you don’t actually by actual stock. You just see statements of those that Bernie Madoff was producing for 15 years without buying a single stock. Add to that expenses that the fund charges, the inflation, taxes on capital gains and dividends and the picture becomes very dark. Despite the hype, the trumpets and the chest beating. It’s all a big scam. Like everything else.
Why would I want to invest using debt? Fiat currency, which is what the world uses and calls money, which it isn’t, is debt that loses value every single year. Why would I want to invest with something that loses value? If I put a dollar in this year and it’s worth $.80 next year and worth $.60 a year after that and possibly is worth $.40 after that, why would I invest with something like that? Righteous stupidity would do that. Are you righteously stupid?
@11:07 Jack says we are living in the most difficult time he has seen to invest because of volatility. Today is most difficult not just because of volatility but also because the norm of 5-6% bond rates are nor there
Interesting that 30 years ago bank savings accounts could pay 6-7%. Home loans were 10% and the world was great.
2% inflation and at 7% you could double your money every 10 years.
The economy is manipulated to keep rates artificially low to finance trillions in debt.
This video gives more value to me than my entire college degree
Vanguard will change their strategy now he's gone…no longer for the little guy, and it'll get worse
Great video. Thanks for including the time stamps.
"There doesn't seem to be any way to permanently beat the stock market" – except that Peter Lynch did just that over a 23 year career, as did Warren Buffet over a much longer career. I don't have to be as smart as these brilliant managers… I just have to find out who they are…
Never sell buy dollar cost average over decades
The Ten Commandments
Bogle's BS. He's gonna lose a lot of people a lot of money in the downturn with his buy and hold index fund dribble.
Guy speaks for the everyman, wish more people knew of him.
Great man, Jack Bogle ❤❤
John Bogle, such a fine, brilliant man.
Due diligence, Albert Einstein did NOT say compound interest is the 8th wonder of the world. Why does everyone repeat this stupid meme?
Simple Investing Can Be POWERFUL! Nice Video 📈
Don’t worry you have time.
When you like to Mr Bogle, you feel like god is talking. Jack, Warren and Charlie are honorable, wise men who did well and want others to know what it takes to make wealth.
This is who I learned from and he had exceptions to mutual funds and bonds.
Jack had his slush fund with play money to speculate on individual stocks.
Use core funds as your foundation but have some fun with 10% of your money on individual stocks.
Peter Lynch of Fidelity Magellan fund is a rare exception of fund managers that actually beat the market. Those returns will never be duplicated.
Great insights!!!
Still very applicable in today’s time. Just started investing for long term
Brilliant man
I started following Bogle's advice on investing in low-cost index funds vs. big mutual funds, and he was absolutely right.
I am new at it, and I look at it almost every day. That is insanity, I know!
Bro that is literally a my singing monsters name💀
I like money and learn how it works. It's like science that not everybody can understand.
Just get a Index fund
15:36
15:36
Good advice from a Great man
I’m having a hard time pulling the trigger leaving my advisor even though I know she has cost me . At the same time, I probably would have left everything in a crappy savings account if I didn’t meet her. But this issue about regarding social security as a kind of investment account worth a certain amount has just occurred to me. I had retired about a year before lockdown and just before it hit, we met and I suggested maybe I should get a little more conservative since I was retired. But she knew I had a teacher’s pension and rental income that could have served as the “bond” portion of my portfolio and all the rest in high risk funds. I feel like I have missed out on the great returns of these last years, even though I am not hurting for money. I think she should have been a little more vociferous about saying I could afford more risk. But I have been listening to info on Vanguard and Fidelity. I had a vanguard account with nothing in it and recently moved some money into funds but now am leaning toward Fidelity for the rest of it and for moving my managed accounts to, so maybe procrastinating has been good. I am doing this all on my own. I do like having a live person to talk to but it’s costing!
All hail the king!! Mr. Bogle, thank you for creating tools that the average person can utilize to transverse social classes. Rest in peace Sir.