The principal role of the mutual fund is to serve its investors.
--
Princeton thesis, 1951 ()John Bogle
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
With joint-stock corporations, investors can place bets on the success of many different companies, without having to play a central management role in any one of them. This allows investors to diversify their financial holdings. It also allows them to capture profits on their investments, without having to get involved in the dirty, troublesome business of actually running a company.
Jim Stanford
The ability to create same day straight through processing of mutual fund trades is a matter of will.
Kenneth Griffin
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
Where I'm from we don't trust paper. Wealth is what's here on the premises. If I open a cupboard and see, say, thirty cans of tomato sauce and a five-pound bag of rice, I get a little thrill of well-being — much more so than if I take a look at the quarterly dividend report from my mutual fund.
Garrison Keillor
Bogle, John
Bohlin, Nils
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