Why Even Vanguard’s Mutual Funds Cost More Than You Might Think
Authors Kurt Vonnegut and Joseph Heller were chatting at a party on Shelter Island.
Their host was a billionaire hedge fund manager.
At one point, Vonnegut says to Heller, “You know, this billionaire makes more money in one day than you made in your whole lifetime from your novel Catch-22.”
Heller responds, “Yes, but I have something he will never have…enough.”
Catch-22 wasn’t just read by a few of Heller’s sympathetic friends. It has sold more than 10 million copies.
John Bogle tells this story in his 7th book, Enough.
He says that mutual fund companies–like that hedge fund manager–just can’t seem to stuff enough money in their wallets.
Image Courtesy of Pixabay