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Vanguard’s Bogle on saying ‘enough’

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in Best-Practices Leadership,Leaders & Managers

What leadership needs is a return to character, says John C. Bogle, author of the best-selling book Enough.

“We’ll be better human beings and achieve greater things if we challenge ourselves to pursue careers that create value for our society—with personal wealth not as a goal, but as the by-product. Best of all, by setting that challenge for ourselves, we’ll build the character that will sustain us in our labors,” writes Bogle, founder of the Vanguard Mutual Fund Group and president of its Bogle Financial Markets Research Center.

Since “you can’t take it with you,” Bogle bids us to search for meaning in our amassing of money.

“For [Benjamin] Franklin, the getting of money was always a means to an end, not an end in itself. The other enterprises he created, as well as his inventions, were designed for the public wealth, not for his personal profit.”

Franklin created the first fire brigade. He also founded a library, an academy and college, a hospital and a learned society—“none for his personal enrichment, all for the benefit of his community.”

—Adapted from Enough, John C. Bogle, John Wiley & Sons. 

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