Enough

What Hacker News says

1. j_levJan 2015
   Some thoughts:

   1) "Enough" by John Bogle is a decent read if you want more of the same:

   > Two famous authors, Kurt Vonnegut and Joseph Heller are talking at a party hosted by a billionaire hedge fund manager. Kurt says to Joseph, “You know, this billionaire makes more money in one day than you made in your whole lifetime from your novel Catch-22“. Joe responds, “Yes, but I have something he will never have… enough.”

   2) There's a big difference between people wanting to give back and Picketty's proposal to tax the tits off the rich. I believe the difference is due to people's faith in government and the "buffer" they perceive they require. There is no shortage of people with an 8-figure net worth who just want to increase their wealth a little more, "just in case."

   3) The "rich cancel each other out" argument may hold more for the US than for other countries. Not a criticism, just pointing it out.

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2. stephenbezNov 2013
   The book "Enough: True Measures of Money, Business, and Life" by John Bogle (http://www.amazon.com/Enough-True-Measures-Money-Business/dp...) might be good for you. I read it years ago. He talks about "how destructive an obsession with financial success can be".

   Maybe you could change your focus outwards. For 30 days, instead of focusing on how you could amass more money, you could focus on what you could do to help the most people. You would likely feel less depressed after that.

   This reminds me of a poem mentioned in the book:

   True story, Word of Honor: Joseph Heller, an important and funny writer now dead, and I were at a party given by a billionaire on Shelter island.

   I said, “Joe, how does it make you feel to know that our host only yesterday may have made more money than your novel ‘Catch-22′ has earned in its entire history?” And Joe said, “I’ve got something he can never have.” And I said, “What on earth could that be, Joe?” And Joe said, “The knowledge that I’ve got enough.” Not bad! Rest in peace!

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3. jfarmerMar 2010
   You should read "Enough" by John Bogle, founder and former CEO of the Vanguard Group.
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4. Ozzie_osmanJul 2022
   There's a quote from John Bogle's book Enough, something to the extent of he wanted to leave for his kids "enough money that they could do anything, but not enough money that they could do nothing."
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5. loganfrederickMar 2014
   A research paper by four academics from different universities and published by the Federal Reserve in 2006 found no evidence that hedge funds destroyed value for the companies or were short-term focused.[1]

   I have not gone through the whole paper myself, but it was noted in one of the books I read recently (I forget which one specifically mentioned it, I think John Bogle's "Enough").

   [1] http://www.fdic.gov/bank/analytical/CFR/2006/oct/hedge_fund....

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