Jack Bogle, "inventor" of the mutual fund, with his outlook on investing, business and life.

Question Vanguard is a not-for-profit company. If you'd organized it differently, you'd be a billionaire today. Any regrets?

Answer I read this story recently: There's a big cocktail party on Martha's Vineyard. Someone comes up to this writer, I think it's 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 looks over, pauses and says, "Yeah, but I have something he'll never have: enough."

And I have enough too.