Tuesday, March 04, 2008

A Vonnegut Story

John Bogle invented the Index Fund and is one of my financial heroes. He relates the following anecdote:
At a party given by a billionaire on Shelter Island, the late Kurt Vonnegut informs his pal, the author 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. Heller responds, “Yes, but I have something he will never have . . . Enough.
Perfect. I have nothing to add.

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