Enough: True Measures of Money, Business, and Life

Rule 3: Set High Standards and Values—and Stick to Them

Rule 7: Recognize Individual Achievement

course, action, opinion.The distinction is crucial. Bennis lays out a number of critical distinctions between the two: • The manager administers; the leader innovates. • The manager is a copy; the leader is an original. • The manager focuses on systems and structure; the leader focuses on people. • The manager relies on control; the leader inspires

Rule 1: Make Caring the Soul of the Organization

Our index fund was derided for years, and was not copied until nearly a full decade had passed.

Too Much Complexity, Not Enough Simplicity

Rule 8: A Reminder—Loyalty Is a Two-Way Street

Building a Great Organization

In my time as head of Vanguard, none of these standards and values was ever written down in a manual. Rather, I proposed a single overarching but simple rule: “Do what’s right. If you’re not sure, ask your boss.”

Rule 5: Walk the Walk. Actions Speak Louder than Words.