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My incentive in starting Vanguard, I'm very blunt about this, it was my means of preserving my career. That's a very selfish thing.

- John C. Bogle
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Author:
John C. Bogle
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Selfish
Incentive
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U.S. companies are innovative and entrepreneurial.

Well, I like regulation as little as anybody else. It can be intrusive. It can be detailed. It can be bureaucratic. It can be unevenly administered. It can be unfair. But most regulations that we have for mutual funds and for banks are regulations that we earned. We did something wrong and we're paying a price for it.

I think high turnover is definitively the investor's enemy, so you don't want to bring a high-turnover philosophy to this business. You want to have a long-term philosophy.

I tend to give to those who have helped me along the road of life: Blair Academy, Princeton University, our church, and several hospitals that got me here in one piece. On the community side, I've always been a big supporter of the United Way.

My only regret about money is that I don't have more to give away.

I would always advise young people to follow their star - not my star. They have to live their own life. If they decide they want to go into the investment business, do it, but make it a better business than it is today.

The rewards of my life have been great. I built a company; I left things better than I found them. I have a good reputation. I put the Vanguard shareholders and crew first. That's a huge thing.

Investing is not nearly as difficult as it looks. Successful investing involves doing a few things right and avoiding serious mistakes.

It is the power of words and books - explaining and dramatizing great ideas and articulating high ideals - that is the greatest weapon in the missionary's arsenal.

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My incentive in starting Vanguard, I'm very blunt about this, it was my means of preserving my career. That's a very selfish thing.

My incentive in starting Vanguard, I'm very blunt about this, it was my means of preserving my career. That's a very selfish thing.

My incentive in starting Vanguard, I'm very blunt about this, it was my means of preserving my career. That's a very selfish thing.

My incentive in starting Vanguard, I'm very blunt about this, it was my means of preserving my career. That's a very selfish thing.

My incentive in starting Vanguard, I'm very blunt about this, it was my means of preserving my career. That's a very selfish thing.

My incentive in starting Vanguard, I'm very blunt about this, it was my means of preserving my career. That's a very selfish thing.

My incentive in starting Vanguard, I'm very blunt about this, it was my means of preserving my career. That's a very selfish thing.

My incentive in starting Vanguard, I'm very blunt about this, it was my means of preserving my career. That's a very selfish thing.

My incentive in starting Vanguard, I'm very blunt about this, it was my means of preserving my career. That's a very selfish thing.

My incentive in starting Vanguard, I'm very blunt about this, it was my means of preserving my career. That's a very selfish thing.

My incentive in starting Vanguard, I'm very blunt about this, it was my means of preserving my career. That's a very selfish thing.

My incentive in starting Vanguard, I'm very blunt about this, it was my means of preserving my career. That's a very selfish thing.

My incentive in starting Vanguard, I'm very blunt about this, it was my means of preserving my career. That's a very selfish thing.

My incentive in starting Vanguard, I'm very blunt about this, it was my means of preserving my career. That's a very selfish thing.

My incentive in starting Vanguard, I'm very blunt about this, it was my means of preserving my career. That's a very selfish thing.