Your Survival Guy

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The Wisdom of Jack Bogle

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Your Survival Guy has been a big fan of the late Vanguard founder, Jack Bogle. Here are some of his wisest words as cataloged by Wes Moss in Forbes:

Bogle Quote #1
“Ask yourself: Am I an investor, or am I a speculator? An investor is a person who owns business and holds it forever and enjoys the returns that U.S. businesses, and to some extent global businesses, have earned since the beginning of time. Speculation is betting on price. Speculation has no place in the portfolio or the kit of the typical investor.”

Bogle Quote #2
“The greatest enemies of the equity investor are expenses and emotions.”

Bogle Quote #3
“The greatest enemy of a good plan is the dream of a perfect plan. Stick to the good plan.”

Action Line: All three quotes are sound advice and analysis from one of the greatest investment minds of all time. Your Survival Guy would add another classic Bogle quote to the list: “Don’t just do something, stand there.” Not every emergency demands rapid action. If you’re prepared ahead of time, you can afford to watch and wait for opportunity without making thoughtless decisions. If you’re a fan of Bogle’s, too, let’s talk. But only if you’re serious. Email me at: ejsmith@yoursurvivalguy.com. Click here to subscribe to my free monthly Survive & Thrive letter.

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E.J. Smith - Your Survival Guy

E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West (RIP JB) and Paris. Please get in touch with E.J. at ejsmith@yoursurvivalguy.com To sign up for my free monthly Survive & Thrive letter, click here.

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