“The grim irony of investing is that we investors as a group not only d...” — John C. Bogle Quote

“The grim irony of investing is that we investors as a group not only don't get what we pay for, we get precisely what we don't pay for.”

“I had done some work on index funds in my senior thesis at Princeton in 1951.”

“Working for company X and having a substantial portion of your retirement plan in company X is simply exposing yourself to too much risk, because the company is both your employer and the source of your retirement income. So if something goes wrong, you lose both your job and your retirement plan.”

“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.”

“I like Burton Malkiel's 'A Random Walk Down Wall Street.' He comes to the same conclusion that I do - that indexing is the way. My 'Little Book of Common Sense Investing' says pretty much the same thing.”

“The reality of life is, if you have a bagel shop and everybody is pouring into the doughnut shop across the street, if you want to stay in business, you start selling doughnuts.”

“History often reads as a hard and grim experience. But people are remarkably resilient and funny, even when the going is very hard.”

“It's a grim business, this being funny. Every time you come up with a strong, satiric idea, the world tops it.”

“So many people are walking around looking so grim all the time. I just never understand why.”

“My childhood wasn't very happy. It's a long, grim story about being a Jew in a small southern town.”

“I think self-doubt, as grim as it can be, makes me a better writer. Stasis and hubris would probably be the death knell for my career.”

“I'm working class. Not because my family have always been skint or because I'm from the grim north, but because I am from a class of people who believe in work. In paying their way.”