Yes, the investor is often his own worst enemy. Yes, the marketing colossus known as the mutual fund industry provides the weaponry which enables investors to indulge their suicidal instincts. No, the fund industry was hardly an innocent bystander in the market boom and the subsequent carnage. "We have met the enemy and he is us"... all of us.
John BogleRelated topics
carnage colossus enemy industry innocent investor known market met subsequent suicidal weaponry worst yesRelated quotes
I learned a lot from the stories my uncle, aunts, and grandparents told me: that no one is perfect but most people are good; that people can't be judged only by their worst or weakest moments; that harsh judgements make hypocrites of us all; that a lot of life is just showing up and hanging on; that laughter is often the best, and sometimes only response to pain.
Bill Clinton
The need to speak the truth and even to seek it for oneself is only conceivable in so far as the individual thinks and acts as one of a society, and not of any society (for it is just the constraining relations between superior and inferior that often drive the latter to prevarication) but of a society founded on reciprocity and mutual respect, and therefore on cooperation.
Jean Piaget
Sir, it is true that republics have often been cradled in war, but more often they have met with a grave in that cradle. Peace is the interest, the policy, the nature of a popular Government. War may bring benefits to a few, but privation and loss are the lot of the many. An appeal to arms should be the last resort, and only by national rights or national honor can it be justified.
Jefferson Davis
Nell: Nothing is funnier than unhappiness.Nagg: Oh?Nell: Yes, yes, it's the most comical thing in the world. And we laugh, we laugh, with a will, in the beginning. But it's always the same thing. Yes, it's like the funny story we have heard too often, we still find it funny, but we don't laugh any more.
Samuel Beckett
History is a great teacher. Now everyone knows that the labor movement did not diminish the strength of the nation but enlarged it. By raising the living standards of millions, labor miraculously created a market for industry and lifted the whole nation to undreamed of levels of production. Those who attack labor forget these simple truths, but history remembers them.
Martin Luther King Jr.