John Bogle interview; age 53 = smarter investors

[Bestwifeever]

In today's paper:

First, an odd piece about reaching our investing-acumen peak at 53 (odd because it's a story reporting on a WSJ story):

Age 53 golden time for investing -- -- chicagotribune.com

From that article:

Quote:

[53 is] the age at which consumers are least likely to make financial mistakes, the Journal said. The economists (all quite a bit younger than 53) called this "the age of reason." The apparent secret: Experience. Learning from mistakes. A healthy skepticism about promises that seem too good to be true.

Then, nice interview with Mr. Bogle (probably nothing new to most people here, but I like his emphasis on simply saving first and then his simple investment strategy):

Long-term view can be best asset -- -- chicagotribune.com

From the article:

Quote:

"We know that rare indeed is the mutual fund whose shareholders earn as much as the fund earns itself," he said. A man with decades of investing acumen sees negotiating the financial markets as simple enough for those investors who learn to ignore most of the everyday noise. "I don't even get a quarterly statement. I told them to stop sending me all that stuff."