![]() ![]() “On balance, the financial system subtracts value from our society.”. ![]() The financial system siphons (or skims) the top of the returns earned by investors, businesses, etc. ![]() Net Return to Investors = Gross Return – Costs/Fees.Heller responds, “Yes, but I have something he will never have…enough.” “At a party given by a billionaire on Shelter Island, Kurt Vonnegut informs his pal, Joseph Heller, that their host, a hedge fund manager, had made more money in a single day than Heller had earned from his wildly popular novel Catch-22 over its whole history.Bogle’s Enough draws from a lifetime of wisdom to reflect on the excesses of a financial system that led to the 2008 crisis and reminds readers of the benefits of a less greedy, long-term, client-first system (society) where success in life is defined by more than just money. ![]()
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