Bogle on Buy & Hold, Indexing, Speculation |
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blixet
Preferred Member
Cash: $ 32.55
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Location: Southern California |
Bogle on Buy & Hold, Indexing, Speculation |
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“What’s going on in the market is domination of short-term speculation over long-term investment,” he said. “Long-term investors simply are not affected by the comings and goings of the market, where it looks like it goes up 100 points on odd-numbered days and down 100 points on even-numbered days.
“One of my favorite rules is ‘Don’t peek.’ Don’t let all the noise drown out your common sense and your wisdom. Just try not to pay that much attention, because it will have no effect whatsoever, categorically, on your lifetime investment returns.”
http://www.marketwatch.com/story/jack-bogles-advice-to-worried-investors-shut-your-eyes-and-let-the-indexes-work-2014-11-03?page=1
Information is more valuable sold than used – Fischer Black
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Tue Nov 04, 2014 2:22 pm |
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oldguy
Senior Member
Cash: $ 751.85
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Joined: 21 May 2006
Location: arizona |
Exactly right!
I became wealthy after I QUIT timing/speculating - and started "investing".
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Tue Nov 04, 2014 3:00 pm |
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