On December 8th Paul Volker, the former Chairman of the Federal Reserve under Presidents Carter and Reagan, died.
The economist and regulator was a person of strong character.
The story is told of a friend who dropped by his New York office. The colleague began to brag to Volker about his son who worked for a hedge fund, was making a lot of money and living the good life.
Volker commented, “I have one thing he doesn’t have.”
The friend, curious, asked what that was.
Volker’s one word reply, “Enough.”