Lange-Bogle 9: Time is Your Friend, Impulse is Your Enemy.
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11 жыл бұрынJames Lange, CPA/Attorney and host of The Lange Money Hour and John Bogle, founder of Vanguard, talk about the importance of not relying on past performance to predict future results and the miracle of compounding interest. Like the Law of Gravity, Reversion to the Mean is an eternal rule. What goes up must go down, even in the stock markets.
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@drew9312 6 жыл бұрын
I could listen to Mr Bogle for hours. He talks the most sense of anyone in the financial world. A genius & genuinely nice guy.
@jperez1910 6 жыл бұрын
Drew B could not agree more, the guru of finance...
@Showmetheevidence- 3 жыл бұрын
Try Peter Lynch and of course Buffett/Munger. Funny how they all say some similar things.
@drew9312 3 жыл бұрын
@@jperez1910 Thank you. Only spotted your comment now.
@cancel.lgbtq.6892 3 жыл бұрын
Jack had an amazing voice. I could just listen to him talk just about any thing.
@_LeeTurner 4 жыл бұрын
The world would be a better place if there were more people like Jack.
@thesauce669 3 жыл бұрын
The most influential investor of all time PERIOD. GOAT
@JohnK-th9yw 7 жыл бұрын
Love Mr. Bogle - golden rule for me! Indexing forever
@etffreedom9636 5 жыл бұрын
I too could listen to him for hours lol... what an amazing man! My idol and hero along with my Dad.
@Discovery_and_Change 4 ай бұрын
0:27 #1) Reversion to the mean 3:06 #2) Time is your friend
@razak8528 5 жыл бұрын
Macbeth, Act 5, Scene 5, Verse 25: "...It is a tale Told by an idiot, full of sound and fury, Signifying nothing."
@goldenmanuever1176 3 жыл бұрын
You just summed up nightly cable news shows.
@coldplay8 3 жыл бұрын
Just summed up social media as well!
@charlesbr7684 4 жыл бұрын
Assertively honest man.
@razak8528 5 жыл бұрын
Investment Wisdom 101.
@fortunatodelapuente2499 3 жыл бұрын
lmaoo he said the good managers might get fired, the bad ones retire.
@graemebrock3831 3 жыл бұрын
Imagine if this was your grandfather
@cathleensmith4717 3 жыл бұрын
Yeah and we would be too stubborn to listen, losing precious time.
@systemdeadlock 5 жыл бұрын
The guy who invented indexing wouldn't dare talk or advise against indexing. Seems like a logical position. Just like Buffet who made his fortune picking stocks, wouldn't really talk against stock picking... Who is right? Perhaps we should just stick to the common underlying theme that lead both to their success, instead of the constant pitch against picking vs indexing.
@Harihar_Patel 5 жыл бұрын
Indexing is good if you don't want to learn finance, stock picking is good if you do want to learn finance.
@ebenezer659 4 жыл бұрын
Buffet actually endorses indexing as well. To the point that in his will he outlines that he wants his money put in an index fund.
@philippe177 4 жыл бұрын
If you have knowledge like Buffet, then why the hell you should index. You already know the winners! But it is extraordinary. Out of 7 billion there is only 1 Warren Buffet. This guy talks for the people like you and me, the folks. That's why Jack Bogle was legend. He was the legend of the folks, not the Wall Street.
@mrpmj00 3 жыл бұрын
Both say TIME and the power of compounding. They both say buy when everyone's afraid.
@Freelancer-bs8jc 7 жыл бұрын
Yes time is your friend and by the time you're 80, you might, just might, be a millionaire... meh
@stemikger 6 жыл бұрын
What do you suggest? Day Trading?
@starwreck 6 жыл бұрын
if you save nothing you are guaranteed to have nothing
@johnford5568 5 жыл бұрын
None of this talk of time and emotions is important if you are not funding the accounts. The single most important factor is savings rate. You have to have money saved to earn the returns, then you have to have your emotions under control. Some emotional control is required at the beginning, this is why putting the saving on automatic deposit helps.
@p.s.9031 4 жыл бұрын
Frees up time for living life.
@justamaninTN 4 жыл бұрын
You’ll be poor forever.
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