In the interview, Bogle is asked how he defines capitalism now:
"The only way I can define capitalism right now is casinoism!"
"The rampant trading that goes on is just foolish and creates no value for both the buyer and seller combined."
"...if you can avoid getting sucked into this vortex you will actually do better than if you did get sucked into it. Wherever the stock market is a decade from now, it's not going to have anything to do with the stupidity of today or tomorrow."
Later in the interview he was asked about the oft-repeated phrase that "buy and hold is dead".
His response: "I say they don't understand. It's dumb."
Check out the full interview.
Adam
HT: Gaurang Sathaye
This site does not provide investing recommendations as that comes down to individual circumstances. Instead, it is for generalized informational, educational, and entertainment purposes. Visitors should always do their own research and consult, as needed, with a financial adviser that's familiar with the individual circumstances before making any investment decisions. Bottom line: The opinions found here should never be considered specific individualized investment advice and never a recommendation to buy or sell anything.
"...if you can avoid getting sucked into this vortex you will actually do better than if you did get sucked into it. Wherever the stock market is a decade from now, it's not going to have anything to do with the stupidity of today or tomorrow."
Later in the interview he was asked about the oft-repeated phrase that "buy and hold is dead".
His response: "I say they don't understand. It's dumb."
Check out the full interview.
Adam
HT: Gaurang Sathaye
This site does not provide investing recommendations as that comes down to individual circumstances. Instead, it is for generalized informational, educational, and entertainment purposes. Visitors should always do their own research and consult, as needed, with a financial adviser that's familiar with the individual circumstances before making any investment decisions. Bottom line: The opinions found here should never be considered specific individualized investment advice and never a recommendation to buy or sell anything.
