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Jack Bogle: 'This is a Great Day for Buyers'
Posted by: Dheeraj Grover (IP Logged)
Date: June 22, 2012 08:43AM
Jack Bogle, The Vanguard Group senior chairman & founder, shares his view on selloff. "It's a great day for buyers and a terrible day for sellers," he says.
Again as has always been advised by all the great investors John Bogle also suggest don't panic and keep long term in perspective, in fact buy on days where there is big decline.
On Economy: He said this time it is different. He generally do not think much about the Economy and macro environment but this time he is also worried about the economic environment. He thinks valuations are fine this time as compared to what was experienced in past declines in stock market.
His investment advise : Be cautious! but dont fully get out of equities. Have a self discipline of not selling when markets have declined
Here is the video:
Re Jack Bogle This is a Great Day for Buyers
Posted by: vgm (IP Logged)
Date: June 23, 2012 05:38AM
Bogle at his best! He always reminds me of the saying that common sense is uncommon.
Thanks for posting.