I either heard or read the following story about Jack Bogle, who founded Vanguard, the large mutual fund company that also handles other financial products.
A news reporter stated, “Vanguard is a not-for-profit company. If you had organized it differently, you’d be a billionaire today. Any regrets?”
Jack Bogle’s answer is profound and I am reminded of his wisdom continually. Bogle said, “I read this story recently: There’s a big cocktail party on Martha’s Vineyard. Someone comes up to this writer, I think it was Joseph Heller, author of ‘Catch-22’, and says, ‘Joe, see that guy over there? He’s a hedge fund manager and he made more money yesterday than you made on all the books you have ever published.’ Heller pauses and says, ‘Yeah, but I have something he’ll never have. I have enough.’”
We all know people who will never have ‘enough’, no matter how much money they have or how many ‘things’ they own. There are others who think they have a right to more than they have. If you can accept the fact that you have ‘enough’ that is a positive step in starving an insatiable appetite for more or for dealing with financial loss.