Enough: True Measures of Money, Business, and Life

Two of the ideas you’ll keep

The Clif summary of Enough pulls out 7 insights. Here are the first two.

1. Bogle opens with Joseph Heller's reply to a hedge-fund billionaire: he has something the tycoon never will, **the knowledge that he has 'enough.'** The whole book is an argument that a society with no concept of enough will keep destroying value in the name of accumulating more.
2. The **relentless rules of humble arithmetic** govern investing: gross market return minus the cost of extraction equals the net return investors actually keep. Because Wall Street's **croupier's take** compounds every year, cost, not skill, is the most reliable predictor of long-run results.

The other 5 — and the full 11-minute summary — are in the app.

What’s inside: 9 chapters

The whole summary runs about 11 minutes, read or listened to.

1. The Man Who Had Enough
2. Too Much Cost, Not Enough Value
3. Too Much Speculation, Not Enough Investment
4. Too Much Complexity, Not Enough Simplicity
5. Too Much Counting, Not Enough Trust
6. Too Much Salesmanship, Not Enough Stewardship
7. Too Much Management, Not Enough Leadership
8. Too Much Focus on Things, Not Enough on Commitment
9. Too Much 'Success,' Not Enough Character