John C. Bogle has finally had it. He’s saying when, and he’s saying enough is enough.
Fresh onto the bookstore shelves in mid-November comes the book Enough: True Measure of Money, Business, and Life from the founder of Vanguard and Father of Index Investing. With endorsements from The Philadelphia Inquirer, Bloomberg News, and TIME magazine hailing the solid investment of this book, it’s a no brainer that anyone who has the slightest interest in finance and investing would benefit from—and dare I say enjoy—reading this book.
From the inside flap: “We live during a time where there seems to be no limit to what ‘enough’ entails. CEOs—even those of failing corporations—pull down huge paychecks and hedge fund managers can enjoy billion-dollar paydays. These excesses are only the most obvious examples of the gross excesses that have overwhelmed our financial system, precipitating the crisis we now face.”
Interesting enough, when I googled “Enough” and “Bogle,” one of the first things I hit was his May 18, 2007 commencement address to the MBA Graduates of the McDonough School of Business—also titled “Enough.” Perhaps an early draft? Nevertheless, if you have the time, read through the address, and I guarantee you will get a taste of what Bogle’s book is all about.
Also, in doing some research, I found a press release detailing the joyous union of Bogle and publisher John Wiley & Sons in a three book deal. The first book of the deal was Enough, which will be followed by Jack Bogle Speaks in late 2009; the third title was not divulged.