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Never Enough
(Chapter 3)
Story about writers Kurt Vonnegut and Joseph Heller (Catch-22) attending a party hosted by a billionaire. Vonnegut remarks that the billionaire makes more money in a single day than Heller made from his popular novel. Heller responds: “Yes, but I have something he will never have…enough.”
Examples of Rajat Gupta and Bernie Madoff: People who had everything but wanted more. They brought ruin upon themselves because they were greedy and didn’t know when to stop.
“There is no reason to risk what you have and need for what you don’t have and don’t need.”
“The hardest financial skill is getting the goalpost to stop moving.”
Comparing ourselves to others is often the culprit. Capitalism is good at generating both wealth and envy. But social comparison is a process without end: there’s always someone higher up on the ladder.
Enough doesn’t mean you have to go without. Enough means you know when to avoid doing something you will regret.
Many things are not worth the risk, regardless of the gains. A short list: reputation, freedom, family and friends, love, happiness.
The only way to win is to refrain from playing the game.
Explore monetary wisdom with CEO of Elearnmarkets & StockEdge Vineet Patwari! Uncover the "Psychology of Money" on YouTube.
Michael George Knight
This book summary has been contributed by Michael George Knight, who is the founder of Bestbookbits.com Bestbookbits is the world's largest free book summary website in video, written and audio format educating people around the world with the best book bits in the shortest amount of time. They are a nonprofit organization with the mission to create an educated world. You can read many other book summaries on various genres by clicking on the following link: Bestbookbits.com