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.
--
Speech to Financial Analysts of Philadelphia, February 15, 2001 ()John Bogle
The principal role of the mutual fund is to serve its investors.
John Bogle
"We protect the right of pacifists and other anti-war militants to assemble and advance their cause. But I don’t respect such people and I don’t shrink from exposing their ideas as destructive and suicidal. Pacifists are my enemy because wittingly or not, they serve the purposes of my enemy and jeopardize my freedom."
Mike Rosen
Republicans sure don't care about finding $200 billion to fight the illegal war in Iraq. Where are you going to get that money? Are you going to tell us lies like you're telling us today? Is that how you're going to fund the war? You don't have money to fund the war or children. But you're going to spend it to blow up innocent people if he can get enough kids to grow old enough for you to send to Iraq to get their heads blown off for the President's amusement.
Pete Stark
"When under the pretext of fraternity, the legal code imposes mutual sacrifices on the citizens, human nature is not thereby abrogated. Everyone will then direct his efforts toward contributing little to, and taking much from, the common fund of sacrifices. Now, is it the most unfortunate who gains from this struggle? Certainly not, but rather the most influential and calculating."– from
Frederic Bastiat
I celebrated my 21st birthday here, and that was the last time I drank in El Paso. [Audience cheers] You folks don't mess around, you know? Everyone was going, "It's your birthday," I was like, "It's my birthday!" "Do you want a drink?" "SUUURRREE!" And I kept drinking and drinking and drinking, and then the staff asked me, "Do you want to party?" I was like, [Slurring]"I want to party." "Do you want to dance?" [Slurring] "I wanna dance!" I passed out, you guys, and woke up at a place called the O.P. [Audience laughs and cheers] Yeah, the reason you people in El Paso are laughing is because you KNOW! I had no idea it was an "Alternative" night club. I'm in El Paso, I thought O.P. stood for: Orale prese! That is a bad way to sober up, you guys. I'm just dancing, you know [Imitates beat-box music] Boom, boom, boom, hey! Boom, boom, boom, hey! Boom, boom, boom- [Jumps like something's behind him] HEY! [Audience laughs] And behind me was this little guy going, [Little effeminate voice] "Pikachu!"
Gabriel Iglesias
Bogle, John
Bohlin, Nils
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