杰克·博格

先鋒集團(tuán)創(chuàng)始人及退休首席執(zhí)行官

????年輕時我曾是費城一家小經(jīng)紀(jì)公司的跑腿員，從一家小經(jīng)紀(jì)公司將證券送到另一家。有一位跑腿員看著我說：“博格，我得告訴你，你需要了解投資業(yè)務(wù)的方方面面?！蔽艺f：“瑞，你說的是什么意思?”他說：“小人物永遠(yuǎn)一無所知?！笔聦嵶C明瑞說的沒錯。人們說，這個市場有偉大的投資者，但這有很大的偶然性。我們誰也聰明不過市場。

Jack Bogle

Founder and retired CEO of the Vanguard group

????I was a runner for a little brokerage firm here in Philadelphia, delivering securities from one little brokerage firm to another. One of the other runners looked at me and he said, "Bogle, I'm gonna tell you everything you need to know about the investment business." And I said, "What's that, Ray?" And he said, "Nobody knows nuthin'." And it turns out, Ray was right. People say there are great performers out there, but it's a lot of randomness. None of us are smarter than the markets.