John Bogle: Investors are ignoring the REAL risk

Discuss all general (i.e. non-personal) investing questions and issues, investing news, and theory.

John Bogle: Investors are ignoring the REAL risk

Postby Sheepdog » Fri Feb 08, 2013 11:07 am

Investors are ignoring the REAL risk to the market: John Bogle video interview on Breakout. ... 49567.html

To hear this veteran investor tell it, the main risk most individuals face is themselves — especially when it involves trying to time market moves or other short-term trends while driving in and out of the stock market. When asked to characterize his feelings about the oft-cited ''risk-on, risk-off'' tone of the markets, Bogle simply says it's ''kind of silly" to try to make money that way, adding that he's never known anyone who had the capacity to do it successfully for any great period of time.

Instead, he says "by absolute, mathematical definition, speculation is a loser's game and investment is a winner's game," before quoting his friend Warren Buffett. "When the dumb money realizes how dumb it is and buys an index fund, it becomes smarter than the smartest money," and typically outperforms about three-quarters of the Street's brightest and highest paid stars.
“I fear the day technology will surpass our human interaction. The world will have a generation of idiots.” | ― Albert Einstein
User avatar
Posts: 3854
Joined: Tue Feb 27, 2007 3:05 pm
Location: Indiana, retired 1998 at age 65

Re: John Bogle: Investors are ignoring the REAL risk

Postby Mel Lindauer » Fri Feb 08, 2013 11:17 am

This is a duplicate thread. Here's the original: viewtopic.php?p=1608158#p1608158

This thread is locked.
Best Regards - Mel | | Semper Fi
User avatar
Mel Lindauer
Posts: 23286
Joined: Mon Feb 19, 2007 8:49 pm
Location: Daytona Beach Shores, Florida

Return to Investing - Theory, News & General

Who is online

Users browsing this forum: 1210sda, Johno, MSNbot Media, poker27, siamond, Tom_T and 67 guests