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	<title>PF&#38;Investing &#187; John Bogle</title>
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	<description>common sense in personal finance and investing</description>
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		<title>Bogle-quote on market swings</title>
		<link>http://pfinvesting.com/2007/08/23/bogle-quote/</link>
		<comments>http://pfinvesting.com/2007/08/23/bogle-quote/#comments</comments>
		<pubDate>Thu, 23 Aug 2007 20:58:57 +0000</pubDate>
		<dc:creator>Roy</dc:creator>
				<category><![CDATA[Investing]]></category>
		<category><![CDATA[John Bogle]]></category>
		<category><![CDATA[buy-and-hold]]></category>
		<category><![CDATA[john-bogle]]></category>
		<category><![CDATA[vanguard]]></category>

		<guid isPermaLink="false">http://manojitroy.com/2007/08/23/bogle-quote/</guid>
		<description><![CDATA[On John Bogle's recent BusinessWeek interview.]]></description>
			<content:encoded><![CDATA[<p>In a recent <a title="BusinessWeek Interview" href="http://www.businessweek.com/investor/content/aug2007/pi20070817_188036.htm" target="_blank">BusinessWeek interview</a><img title="new window" src="/images/newwindow.jpg" alt="new window" /> on current market volatility, John Bogle &#8211; index fund guru and <a title="Vanguard" href="http://www.vanguard.com/" target="_blank">Vanguard</a><img title="new window" src="/images/newwindow.jpg" alt="new window" /> founder &#8211; made the following comments:</p>
<blockquote>
<p align="left">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.</p>
</blockquote>
<p>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 <strong>only way</strong> to escape the ravages of market swings, and to benefit from the slowly (and surely) growing economy. I recommend reading the entire <a title="Bogle Interview" href="http://www.businessweek.com/investor/content/aug2007/pi20070817_188036.htm" target="_blank">interview</a><img title="new window" src="/images/newwindow.jpg" alt="new window" />.</p>
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