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Enough Audiobook on CD: True Measures of Money, Business, and Life
 
 

Enough Audiobook on CD: True Measures of Money, Business, and Life [Audiobook, CD] [Audio CD]

John C. Bogle , Alan Sklar
5.0 out of 5 stars  See all reviews (2 customer reviews)
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Review

“I highly recommend the book "Enough" by Vanguard's founder, Jack Bogle, who eloquently outlines many of the frustrations investors have.” (USA Today)

"Vanguard Group founder Bogle expounds on the hidden costs of our current financial system (primarily driven by speculation and complexity) and suggests that a deeper understanding of what is truly “enough” will help foster more sustainable investing and better living." (Library Journal Best of 2008 Selection)

“Why don’t people publish pamphlets any more. I’m not talking about the slim-jims handed out at trade shows, but rabble-rousing, world-changing works like Common Sense and The Communist Manifesto. John Bogle, the founder of Vanguard, follows in the footsteps of the great pamphleteers…‘Central to the effective functioning of capitalism,’ he writes, ‘was the fundamental principle of trusting and being trusted’—and that is disappearing. The problem now: No one is satisfied with having ‘enough’ money or enough success. … If pamphlets were still the rage, 48 pages distilled from the contents of this book could be something as powerful to our age as anything written by Thomas Paine or Marx and Engels. In our more bookish time, though, Bogle has fleshed his ideas out to an interesting, 266-page overview of his life and his views.” (Barron’s)

“’What have I created?’ [Bogle] asks in mock horror in his new book…his cry reflects a deeper personal dilemma, one that jags like a scar through this thoughtful meditation on the excess and greed that created the worst financial crisis since the Great Depression. … I applaud his enthusiasm and don’t doubt his wisdom and sincerity. ‘Enough’ – with the period – is a worthy addition to the canon, a variation of his familiar sermon on thrift, simplicity, and the superiority of low-cost index funds.”
—James Pressley, Bloomberg News

“Jack Bogle’s passionate cry of Enough. contains a thought-provoking litany of life lessons regarding our individual roles in commerce and society. Employing a seamless mix of personal anecdotes, hard evidence, and all-too-often-underrated subjective admonitions, Bogle challenges each of us to aspire to become better members of our families, our professions, and our communities. Rarely do so few pages provoke so much thought. Read this book.”
—David F. Swensen, Chief Investment Officer, Yale University

"We live in a time that values achievement over character. When the two collide, character often takes a back seat and relationships of all kinds are shattered. Bogle observes that while the financial represents the worst of it, what we see today is not just a financial sector problem, but a societal problem. There is really just too much greed everywhere. … Enough is really about discovering what is really important in our lives. "
—Michael McKinney, LeadingBlog

"Bogle is a rarity - a true captain of industry who speaks about complex economic issues in a language comprehensible to the layperson."
—Michael Smerconish, The Philadelphia Enquirer

"Enough shines a light on Bogle's sense of despair over the state of the financial industry, and perhaps industry in general. … From CEOs who implode their companies and float away on golden parachutes, to financial companies who create instruments so complex they themselves have trouble understanding them, to mutual fund companies that market rosy returns while sugarcoating their fees, Bogle sees a lack of integrity and a willingness to play fast and loose with ethical rules in order to make a buck. (Or, maybe more accurate, 150 billion bucks.)"
—Justin McHenry, BlogCritics Magazine

"It's hard to imagine a better time to publish a book that advocates moderation, balance and integrity in the business world. In this wise meditation, Bogle, the folk-hero creator of the first index mutual fund and founder of the Vanguard Mutual Fund Group, deplores ‘our worship of wealth and the growing corruption of our professional ethics but ultimately the subversion of our character and values.’ Directly in his sights: CEOs and hedge-fund managers who draw ‘obscene’ compensation. At this time of plunging portfolios, it is a relief to be told that ‘enough’ is within reach."(TIME Magazine)

"I will simply say that it is one of the best business books ('life' books?) I have ever read, an easy All-time Top 10. And its timing is, well, read it yourself ..."
—Tom Peters

“This is an impressive message from a distinguished businessman. It will challenge all decision makers to consider the sufficiency and direction of their lives and work. What do we mean by Enough? Enough of what? Enough for what purpose? Feast here and reflect.”
—Robert F. Bruner, Dean and Charles C. Abbott Professor of Business Administration, Darden Graduate School of Business

“From one ‘battler’ to another: Thank you for putting in one little book the premise for an active, long life. A primer for those who will abjure complacency and just wanting more, who’d rather focus on the joy of trying to move some ball downfield.”
—Ira Millstein, Senior Partner, Weil Gotshal & Manges LLP

“The balances one must create in investing, in running a business, and in life more generally are simply and clearly stated in Jack’s most recent book, Enough. Unfortunately there are not enough Jack Bogles around in today’s world of instant gratification. Enough. should be must reading for business students and corporate board members.”
—David L. Sokol, Chairman, MidAmerican Energy Holdings Company

"Although Enough. is presented in a small volume, John Bogle's wisdom is writ large and profound. The messages are particularly meaningful as we all reel from the moral, economic and financial meltdown that confronts us today.
—William H. Donaldson, Former Chairman, U.S. Securities and Exchange Commission

“[an] engaging, highly readable new book on what went wrong in financial markets in recent years. In the growing canon of "what went wrong" books, Bogle's offering holds a unique place. . . readers will value the common sense packed in these pages.
—Jared Bernstein, Philadelphia Inquirer

“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.” (Jack Canfield Review)

Enough. conveys an especially poignant message in this time of financial crisis. . . The book presents a collection of inspirational truths and values by which to live.” (The Journal of Investment Management)

"In Enough, Bogle isn’t interested only in better investing. He’s moved by morals, which he finds sorely lacking in business and finance today."- Jane Bryant Quinn, author of Making the Most of Your Money Now

"Enough.deals with how we got in this hole and how we get out. Nobody gets off the hook, including you and me…Real change starts with individuals, Bogle says. If each of us takes a part, that will be enough."
—Terry Bibo, columnist, Journal Star

"Enough. is a call for the return to core values or to what Bogle refers to as "the old-fashioned liberal humanitarianism that was the hallmark of the Age of Reason." The title has a double meaning: "Enough" as in fed up, and "enough" as a reflection on what people value and how they define success and satisfaction". The Street.com (June 2010)

"John Bogle's fantastic book about measuring what counts in life." (Motley Fool)

--This text refers to the Paperback edition.

Review

"If your eyes glaze over when you see the word "economics," or if your eyelids droop when you hear the word "theology," don't fear. Doug Hicks integrates economics and theology with such clarity and accessibility that you'll see both in a new light: as vital resources to help us care for our global household with love and wisdom."
Brian McLaren, author of A New Kind of Christian and A Generous Orthodoxy

"How should people of faith live in a world that extols consumption, erases work/life boundaries, and worships the market? Religious institutions have largely provided two unsatisfying alternatives: embrace some sort of prosperity gospel or retreat into an ascetic lifestyle. In this fantastically insightful and important book, Doug Hicks charts another way. It is the ideal guide for our times."
Amy Sullivan, senior editor at TIME magazine and author of The Party Faithful

"Jesus spoke frequently about money and the faithful use of possessions yet the contemporary pulpit is strangely silent when it comes to money matters. In this book Doug Hicks breaks that silence, harnessing his insights into both theology and economics. The genius of this book is in the questions Hicks raises. They are deep, penetrating, and practical questions. Yet they are refreshingly open-ended, presupposing neither easy answers nor any single answer. They are questions intended to awaken the conscience, stretch and inform the mind and spark the spiritual and moral imagination. This practical book is a must read for clergy and laity who wish to take money-talk seriously and reclaim a theme central to the teachings of Jesus. This book and the subject it addresses is long overdue."
William G. Enright, Director of the Lake Institute on Faith & Giving at The Center on Philanthropy, Indiana University.

"In a world where most discussions of money are neither practical nor wise, Doug Hicks offers here a large dose of Christian practical wisdom. His wonderful illustrations and incisive analysis deserve a wide readership, especially in churches where we have pretended that how we deal with money is irrelevant to discipleship. This is an ideal book for lay study groups concerned about living faithful Christian lives."
L. Gregory Jones, Dean of the Divinity School and Professor of Theology, Duke University --This text refers to the Paperback edition.


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Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
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5.0 out of 5 stars (2 customer reviews)
 
 
 
 
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2 of 2 people found the following review helpful
5.0 out of 5 stars 'Enough' Will Leave You Wanting a Second Helping, Mar 17 2010
By 
Ian Robertson (West Vancouver, Canada) - See all my reviews
(TOP 100 REVIEWER)   
John Bogle is an investment industry icon, extremely accomplished in life, a capable writer with wisdom and heart, and most importantly an author with a message that is strong, clear and right. Similar to one of his earlier tomes' titles, this is a "Little Book of Common Sense . . ." guide to ". . . Money, Business and Life."

This book should be read by all investors, but will likely be read predominantly by those who already agree with what Mr. Bogle has to say. Too many, it seems, are too distracted reading 'get rich quick' guides to investing or real estate, aiming for their fifteen minutes of fame, or leveraging to accumulate more, visible assets, and not enough are reading the likes of John Bogle.

The titles of the first three chapters give a good idea of the book's central message: "Too Much Cost, Not Enough Value", "Too Much Speculation, Not Enough Investment", and "Too Much Complexity, Not Enough Simplicity." "Enough" offers a far more focussed and far more workable solution to our economic (and lifestyle) woes than do most economists, retired CEOs or other market pundits writing today. It offers an overview of how we got into our present economic mess, and a prescription that each of us can take to get out; one that is intuitive, workable, and supported by facts and common sense.

The author freely draws from his personal and professional life to emphasize points, and he quotes liberally from literature: Shakespeare, Elliot (TS, not George), and Frost (Robert, not Jack) among many others. Mr. Bogle references many academics and economists, but in an easy and unpretentious way: Schumpeter, Taleb, Minsky, Keynes, Adam Smith, Ben Graham, and Peter Bernstein. Quotations and references abound in the book, though some may find his liberal quotations from scripture detracts or distracts from the central message. In the context of how Mr. Bogle lives his life and sets his moral compass, the biblical references are central to his message and do not come across as 'preachy'. A warning, those who don't enjoy reading italics should avoid this book.

With a clear central message, Mr. Bogle's scope nonetheless covers a wide range of topics. Investors will recoil in horror at his insightful explanations of how the investment industry looks after itself at the expense of its clients - Mr. Bogle's former company, Vanguard, is a very notable exception to this, both in its products (the first and lowest cost index mutual funds) and in its organisation (a non-profit co-op). Workers in organisations both large and small will enjoy and learn from his workplace wisdom, and those in leadership positions will benefit from his reflections on both his successes and his mistakes. Through the book's narrative, all readers will be reminded of the keys to investing successfully, how a company should be valued, why CEO compensation (both amount and structure) is flawed, why shareholders have no real say as owners, and all the while be goaded to ask with respect to their own lives, "How much is enough?"

We are fortunate to have Jack Bogle as a role model, and doubly fortunate to have him share his experiences and thoughts with us.
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1 of 2 people found the following review helpful
5.0 out of 5 stars Not Everything That Counts Can Be Counted, Dec 5 2008
By 
Donald Mitchell "Jesus Loves You!" (Thanks for Providing My Reviews over 112,000 Helpful Votes Globally) - See all my reviews
(TOP 10 REVIEWER)    (#1 HALL OF FAME)   
Well-known mutual fund pioneer John Bogle (founder of Vanguard and the index fund) uses Enough to explain how the financial markets got into the current mess, to prescribe the need to reinstate character and stewardship into those who lead, and to suggest that piling up more money, toys, and baubles causes more harm than good.

I particularly liked the sections where Mr. Bogle explained that making the financial markets more complicated and expensive simply makes the average American less wealthy. His analysis and descriptions are right on.

My next favorite section was in describing the kind of leader that Benjamin Franklin was in innovating as an inventory, social entrepreneur, statesman, and businessman. Those who don't know about Franklin will find this information to be very inspiring.

I also applaud his clear emphasis on the idea that money doesn't count compared to character and doing the right thing.

The book has a few weaknesses that might bother a few readers. There's perhaps a little too much emphasis on what Vanguard has done over the years, making the book seem almost like an infomercial after a while. Although he points out to what needs to change, the prescriptions for change are pretty modest. As long as many people can never have enough, they will be lured into dangerous, expensive investment vehicles and actions that "cut corners" that shouldn't be cut. He doesn't really address the question of how much people should be saved from themselves by banishing certain practices (such as charging fees for funds of funds or the current structure of how hedge fund managers are paid).

In my own research on stock options, I've identified highly ethical, intelligent management teams that were distracted by as little as the chance to make an extra two million dollars a person over several years. As a result, I doubt if many of the problems he's concerned about can be solved by anything less than much stronger regulation than has ever existed in corporate America.

If the alternative is for people to reform themselves, we may have along wait before ethical, effective behavior improves. Since most people learn good behavior in the home, which of the unethical, money-obsessed leaders are going to raise the children who will develop and behave according to good character in being stewards of other peoples' interests?
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Amazon.com: 4.5 out of 5 stars (60 customer reviews)

79 of 85 people found the following review helpful
5.0 out of 5 stars Our insatiable desire for more, Nov 6 2008
By Allan S. Roth "dare_to_be_dull" - Published on Amazon.com
This review is from: Enough: True Measures of Money, Business, and Life (Hardcover)
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. He does 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, what I 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.

41 of 48 people found the following review helpful
5.0 out of 5 stars An Astute Diagnosis of Our Embattled Financial System, Nov 6 2008
By William Bernstein - Published on Amazon.com
This review is from: Enough: True Measures of Money, Business, and Life (Hardcover)
Jack Bogle's timing could not have been better; Enough has burst onto the scene just when it was needed most.

America's financial system is clearly broken, and if we are wise and lucky, the next administration will repair it successfully. This book is required reading for anyone involved in the process, and for anyone who cares about the nation's future.

Bogle's credentials in this regard are beyond question: having founded the nation's second-largest mutual fund company, instead of cashing in he "mutualized" it and turned it over to its mutual-fund customers. His astute observations of our financial system, acquired in his half-century at the heart of the country's markets, shine through in every page of tightly written prose.

The book's title itself is premised on the punch line from a delightful Kurt Vonnegut/Joseph Heller story. It then goes on to describe the unchecked excesses in investment company fees, in speculation masquerading as diversification and innovation, in the salaries of top executives, in salesmanship, and most importantly, 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 gem.

This book, with its emphasis on investing simplicity, will pay dividends to the reader's bottom line as well.

Enough already: buy this book. It will reward you philosophically, financially, and morally.

24 of 30 people found the following review helpful
3.0 out of 5 stars Interesting, if a bit tiring., Jun 24 2009
By James J. Kalafut - Published on Amazon.com
This review is from: Enough: True Measures of Money, Business, and Life (Hardcover)
While I do like John Bogle and "Enough" is a worthwhile book with a lot of thought-provoking material, after a while the first half of the book becomes predictable:

A moral shortcoming of today is discussed and compared to the situation 30-60 years ago (when apparently everything was fine!), there is a bit of outrage and a plea to change, and then Bogle steps back and says that not everyone is really that bad, but we still have a problem.

After a few hours of this on audiobook it got a bit old. The ideas are definitely solid and I've liked it overall, but some parts do end up sounding like a rant.
 Go to Amazon.com to see all 60 reviews  4.5 out of 5 stars 
 
 
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