#58 John Bogle: Enough: True Measures of Money, Business, and Life
What I learned from reading Enough: True Measures of Money, Business, and Life by John Bogle
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Gentlemen, cut your costs. [4:00]
the benefits of being forced to work early on in life [7:00]
I'll never forget the inspiration when I read this quote: The force of his mind overcame his every impediment. [9:30]
the traits he needed to found Vanguard [12:00]
what John thinks we should be doing better [13:30]
create things that help other people/Charlie Munger [17:30]
When a business fails people want to know their revenue. I want to know their costs [19:30]
the past is not a prologue in the financial markets... please, please, please don't count on it. [23:00]
Einstein well understood the limits of quantification / the way we act and the way we measure are in conflict [26:00]
Show me the incentive and I will show you the outcome. –Charlie Munger / If you get the incentives right when you start the company you will grow. [35:00]
A rule of life: Press On, Regardless [39:00]
10 reasons why I bother to battle [44:00]
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