Commencement Address
MBA Graduates of the McDonough School of Business by John C. Bogle, founder, The Vanguard Group
Upon receiving the Honorary Degree of Doctor of Humane Letters from Georgetown University May 18, 2007
Here’s how I recall the wonderful story that sets the theme for my remarks today: At a party given by a billionaire on Shelter Island, the late Kurt Vonnegut informs his pal, the author Joseph Heller, that their host, a hedge fund manager, had made more money in a single day than Heller had earned from his wildly popular novel Catch 22 over its whole history. Heller responds, “Yes, but I have something he will never have . . . Enough.”
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Peace,
Tim McCarthy