John Bogle on Investing Quotes

“I believe that the Total Stock Market Index Fund should be the investment of choice for most investors, covering as it does the entire U.S. stock market, and”
― John C. Bogle, John Bogle on Investing: The First 50 Years

“The point is that market returns are determined by both investment factors—the fundamentals of the initial dividend yield on stocks plus the rate at which their earnings grow—and by speculative factors— the change in the price that investors will pay for each $1 of corporate earnings.”
― John C. Bogle, John Bogle on Investing: The First 50 Years