Monday, May 20, 2019

Jack Bogle: What the Business of Investing Is All About

Here is the link.
Question: What is about investing?

Answer:
Give human beings the opportunity to implement financial goals.

Question: How to serve people better?
Answer:

Manage other people

Educate yourself -

understand compound interest table - 6% percent, cut back the cost

25%  vs 75%  return
you put 100% capital, 100% risk, and then you get 25% return, and 75% goes to management.

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