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List Price: $14.95Amazon.com's Price: $10.17 You Save: $4.78 (32%)as of 09/06/2010 07:28 EDT
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Binding: Paperback
Dewey Decimal Number: 332
EAN: 9780470524237
ISBN: 0470524235
Label: Wiley
Manufacturer: Wiley
Number Of Items: 1
Number Of Pages: 296
Publication Date: June 01, 2010
Publisher: Wiley
Studio: Wiley
Features:- ISBN13: 9780470524237
- Condition: New
- Notes: BUY WITH CONFIDENCE, Over one million books sold! 98% Positive feedback. Compare our books, prices and service to the competition. 100% Satisfaction Guaranteed
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Amazon.com Exclusive: William J. Bernstein on Enough
William Bernstein, Ph.D., M.D. is the critically acclaimed author, financial theorist and historian whose books include A Splendid Exchange: How Trade Shaped the World, The Birth of Plenty, The Four Pillars of Investing, and The Intelligent Asset Allocator. Bernstein is frequently quoted in national publications, including The Wall Street Journal, Barron's, Money, and Forbes.
 If you are wondering about the cause of the current market crisis, then you haven't been reading enough of Jack Bogle.
Because he certainly knows not only where, but why and how. For decades Jack has been communicating his disquiet in previous books, speeches, and public testimony. Years from now, when historians and investors dissect the economic and market meltdowns of 2008, they'll consult this slim, well-written volume.
In order to understand the intellectual and moral platform from which he surveys the economic wreckage, you need to know a little of his story. Bogle founded one of the world's great investment companies, the Vanguard Group. Most men in his situation would have levered such success into a multi-billion-dollar net worth; instead, he "mutualized" Vanguard, converting it, in effect, into a nonprofit organization whose only goal was to benefit its fund holders. From an ethical perspective, Vanguard is the only "investment company" worthy of that name. (As opposed to most financial firms, which are in fact "marketing companies" whose main purpose is to milk unwitting investors of fees and commissions.)
The answer to the conundrum of 2008 lies in the book’s title, "Enough," which is the punch line from a delightful Kurt Vonnegut/Joseph Heller story. Simply put, our nation has been suffering from decades of unchecked financial excess, for which we are now paying the piper: excess in investment company fees; excess in financial speculation masquerading as diversification and innovation; excess in the salaries of top executives; excess in salesmanship; and most importantly, excess in the role played by the financial industry in our national economy and national life.
Each of these excesses gets its own chapter, and each one is a tightly written gem. Chapters 2 and 3, which dissect out the frenzy of derivatives, structured vehicles, and layers of intermediation behind the recent collapse, alone justify the book's purchase price.
As Bogle states in the book's beginning, in the spring of 2007 the financial services sector--which, after all, produces nothing of substantive value--accounted for one-third of the earnings of the S&P 500. By the time you read this, this outsized influence will have shrunken drastically. Let Enough be your welcome to the brave new world; it will satisfy your curiosity, give you a sense of moral balance in this most materialistic of ages, and even plump up your investment portfolio.
--William J. Bernstein
Product Description
Written by John C. Bogle–the legendary founder of the Vanguard Mutual Fund–Enough. offers his unparalleled insights on money, the values we should emulate in our business and professional callings, and what we should consider as the true treasures in our lives. Inspired in large measure by the hundreds of lectures Bogle has delivered to professional groups and college students in recent years, this book will help you discover what it really means to have "enough" and how close you are to really having it.
Product Description:
John Bogle puts our obsession with financial success in perspective
Throughout his legendary career, John C. Bogle-founder of the Vanguard Mutual Fund Group and creator of the first index mutual fund-has helped investors build wealth the right way and led a tireless campaign to restore common sense to the investment world. Along the way, he's seen how destructive an obsession with financial success can be. Now, with Enough., he puts this dilemma in perspective.
Inspired in large measure by the hundreds of lectures Bogle has delivered to professional groups and college students in recent years, Enough. seeks, paraphrasing Kurt Vonnegut, "to poison our minds with a little humanity." Page by page, Bogle thoughtfully considers what "enough" actually means as it relates to money, business, and life. - Reveals Bogle's unparalleled insights on money and what we should consider as the true treasures in our lives
- Details the values we should emulate in our business and professional callings
- Contains thought-provoking life lessons regarding our individual roles in society
Written in a straightforward and accessible style, this unique book examines what it truly means to have "enough" in world increasingly focused on status and score-keeping.
Average Rating: 
Rating:  -
First I am not in the index fund camp. But that does not deny the fact that this is certainly one of the greatest books I've read . ( Dr.Alexander Elder's book's for those who are not in Index fund/passive investing camp. Read my reviews about his book's as well).
Before I go on explaining the greatness of this book, here are few lines from Tom Peters,Author of (In Search of Excellence: Lessons from America's Best-Run Companies (Collins Business Essentials)). He treats "Enough: True ... Read More
Rating:  -
With some decent editing, this book could have been MUCH shorter and gotten the points across better.
THE GOOD: Lots of valuable info.
* Bogle makes it clear that (most of) the rest of the financial world is NOT looking out for your interests.
* Statistics are presented to backup his assertion that the fees and commissions charged by almost all mutual funds, financial advisors, etc. are destroying the value of your investments.
* Overall tone of the book about ... Read More
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After having read the financial philosophy of many, I have settled with John Bogle's philosophy for the long run. He is the best. His wisdom goes beyond dollars.
Rating: -
John Bogle, founder of Vanguard, creator of the Index Fund, and indubitably one of the true noble men in the financial industry, offers his personal insight on finance, investment, character, and life. Bogle has an incredible perspective considering the giant lack of integrity among his peers in the industry; the quality of his character can not be overstated. Bogle is both a true pioneer and a moral leader, always ensuring that he put the interests of his clients and investors well ahead of personal ... Read More
Rating: -
To be fair, I am a big John Bogle fan. On the one hand, Bogle does an excellent job at pointing out the conflicts and excesses of business today - in addition to the respective consequences and prescribed solutions. On the otherhand, Bogle can't get "enough" of himself.
As a man of great success and experience, he provides plenty of insights on how individuals can live a fulfilling and successful life and contribute to a better world from his viewpoint (mainly from a business perspective). ... Read More
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