Bogle-quote on market swings
August 23, 2007,
Roy (
John Bogle, Investing)
In a recent BusinessWeek interview
on current market volatility, John Bogle - index fund guru and Vanguard founder - made the following comments:
In the long run, investing is not about markets at all. Investing is about enjoying the returns earned by businesses. And the stock market is nothing but a giant distraction in that quest to acquire returns that business earns.
Without telling anything new, this quote still reminds us of the big picture of investing: a buy-and-hold strategy for the long haul is the only way to escape the ravages of market swings, and to benefit from the slowly (and surely) growing economy. I recommend reading the entire interview.
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