The seemingly insatiable Wall Street desire for more, combined with look-the-other-way regulators, has landed the U.S. in financial crisis.In Jack Bogle's latest book, Enough, you can read it thinking about the current pickle we find ourselves in and you will understand why it happened.Hedoes a great job of explaining why there has never been a better time to learn individually, and as a country, when enough is enough.
This book delves into the perfect storm of investing created by costs, speculation, and complexity.It examines the folly of a business paradigm that focuses on the short-term bottom line; where business conduct and management becomes all about the sale, no matter what the cost.
In life we often seem to define our success by the material possessions we have amassed.The "he who dies with the most stuff, wins" philosophy dictates that somehow this will make us a happier person.Jack Bogle puts such a philosophy in perspective by reminding us that being the richest person in the graveyard shouldn't be our goal.
Enough is engaging and thought-provoking, and offers practical insights that extend beyond investing and business into life itself Jack Bogle clearly could have been a billionaire had he founded Vanguard as a for-profit entity.I suspect he must have realized far earlier than I did that there is more meaning to life than the accumulation of money.
Personally, whatI can't get ENOUGH of are the insights from Jack Bogle.Simple and obvious though they may be, sometimes life gets too busy to see what is right in front of our faces.And what's right in front of our faces in Enough, is common sense.
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