We now have an equity fund industry that's worth 2 trillion, and if everyone wants their 2 trillion back tomorrow, they're not going to get it,
More Quotes from John Bogle:
The scandal is not what's illegal. It's what's legal.John Bogle
Mutual funds don't last as long as you would expect for example in the 1990s over 50 percent of all the mutual funds that have been in business during the decade are no longer here, ... If you invest in a firm you want to hold it long-term, but if the fund doesn't exist your option is nil.
John Bogle
The Commission's new proposals for compensation disclosure provide a timely opportunity to rectify the previous omission of compensation data for mutual- fund executives.
John Bogle
Capitalism requires a structure and value system that people believe in and can depend on.
John Bogle
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The key is to keep improving. I'm not there yet. I know I have to keep trying to improve and keep trying to get faster.
Tyler Christopher
Do you realize that if we could increase just by 50 percent the number of adults who have a college degree, it would add $5 billion to the economy and it would result in a net income to the state of Arkansas of $340 million a year?
Mike Huckabee