Your email address will not be published. There was no bed or couch, he was informed. He kept his wits sharp by daily attacking the New York Times crossword puzzle, which he was known to complete in less than 20 minutes. Required fields are marked *. Inspired by the 1798 Battle of the Nile, during which Lord Horatio Nelson sank the French fleet, snuffing Napoleons dream of world conquest, Mr. Bogle chose the name Vanguard after Nelsons flagship. Mr. Bogle was incapable of retirement. Disengaging himself from guiding Vanguard and forging a new role for himself was challenging for Mr. Bogle, who was dismayed by the rift that developed between him and the man he had groomed to succeed him, John J. Brennan. AKA: Lynn Renninger, Lynn L Renninger Related to: David Bogle Renninger , Katherine L Connolly , Lynn K Long , Barbara B Renninger , Melissa Lee Weymouth , Suzanne M Farrington , Catherine Flaherty +4 more show less And they wont be foolish enough to think that they can consistently outsmart the market.. A June wedding is planned. Im writing what I want and saying what I want, and I think my name and reputation, for whatever thats worth, have been enhanced.. We know that Barbara Bogle, Andrew Renninger, and five other persons also lived at this address, perhaps within a different time frame. Most recently, he published Stay the Course: The Story of Vanguard and the Index Revolution (Wiley, 2018). Costs matter. On file we have 14 email addresses and 25 phone numbers associated with Barbara in area codes such as 772, 402, 531, 717, 843, and 7 other area codes. Check out their phone numbers, address, and other contact details here. In 2010, Forbes magazine described him as the person who "has done more good for investors than any other financier of the past century." When he was not touting the advantages of the Vanguard mode of investing, Mr. Bogle, a self-proclaimed battler by nature, was lambasting his professional brethren for rank speculation, reckless assumption of debt, obscene multimillion-dollar paychecks, and golden parachutes, and saying they had abdicated their duty as stewards in favor of self-interested salesmanship. Security analysis and portfolio management - Read online for free. Cision Distribution 888-776-0942 There's one phone number . He was fiercely competitive when it counted, more intellectually alert than any person Ive ever met, willing to face indeed, almost court controversy and criticism, stubborn but willing to compromise when absolutely necessary, and most importantly, loving, sentimental, kind, charitable, and courageous.. They had 12 . They had 12 grandchildren and six great . When he did a book, he was so meticulous; hed rewrite and rewrite. He revered language, history, poetry, and classical wisdom, and frequently amazed and delighted people by reciting long passages of verse. Mr. Bogle in an undated photo. 139 views, 7 likes, 0 loves, 2 comments, 1 shares, Facebook Watch Videos from American Indian College Fund: It was an honor to present College Fund's Billapaache Award to the founder of Vanguard. Mr. Bogle was incapable of retirement. At Blair and Princeton, Bogle endowed the Bogle Brothers Scholarships, which enabled scores of budding scholars to further their education. Vanguard announced that the $44.2 million Vanguard U.S. He was called a communist, a Marxist, a Bolshevik, a Calvinist scold and zealot, a holier-than-thou traitor and subversive who was undermining the pillars of capitalism with un-American rants. People named Barbra Bogle. Whatever moral standards I may have developed over my long life, I have tried to invest my own soul and spirit in the character of the little firm that I founded all those years ago, he wrote in his 2008 book, Enough: True Measures of Money, Business, and Life. | Pulse Nigeria He took chances on people because someone took a chance on him, said Stengel. Mr. Bogle pioneered low-cost, low-fee investing that was ridiculed at first, but would enable millions of ordinary Americans to build wealth. daughters Barbara Bogle Renninger, Jean Bogle, Nancy Bogle St. John, and Sandra Bogle Marucci, and sons John C. Bogle Jr. and Andrew Armstrong Bogle. Yes (Sandra Bogle Marucci, Jean Bogle, Nancy Moore Bogle, Andrew Armstrong Bogle, Barbara Bogle Renninger, John Bogle Jr.) Profession: Investor, business magnate, and philanthropist: Net Worth in 2022: $85 million: The Vanguard Group's founder and former CEO, John Bogle was a successful investor, entrepreneur, and philanthropist. From there, he went to Princeton, which offered him a full scholarship and a job waiting tables in the dining hall. From there, he went to Princeton, which offered him a full scholarship and a job waiting tables in the dining hall. They had six children: daughters Barbara Bogle Renninger, Jean Bogle, Nancy Bogle St. John, and Sandra Bogle Marucci, and sons John C. Bogle Jr. and Andrew Armstrong Bogle. Jack could have been a multi-billionaire on a par with Gates and Buffett, said William Bernstein, an Oregon investment manager and author of 12 books on finance and economic history. The principal function of mutual funds is the management of their investment portfolios, Mr. Bogle wrote. He was 89. . His daughter Barbara Bogle Renninger served on the board of the Gesu School in North Philadelphia, where she was also a volunteer math tutor; his son Andrew was a patron of Robin Hood, a philanthropic organization established by investment bankers and hedge-fund managers to alleviate poverty in New York City. Vanguard managed its indexed mutual funds at cost, charging investors fees that were far lower than those of virtually all of its rivals. stock market research It sounds like toothpaste and beer.. Indexing was the purview of institutional investors, but Jack Bogle came up with the consumer version, said Daniel P. Wiener, the editor of The Independent Adviser for Vanguard Investors, a newsletter and website that has tracked the company for decades. "We must hold ourselves to higher standards, standards of trust and fiduciary duty. Find your friends on Facebook. We've listed 14 related ones in 8 states. Along the way, Vanguard, which Mr. Bogle launched in 1974, became a titan in the financial-services industry, with 16,600 employees and over $5 trillion in assets by the end of 2018, and Mr. Bogle earned a reputation as not only an investing sage but a maverick whose integrity and old-fashioned values set an example that many admired and few could match. He was fond of saying that so-and-so is all hat and no cattle. Jack was all cattle and not very much hat.. In December 1999, he stepped down from the Vanguard board of directors and created the Bogle Financial Markets Resource Center, a Vanguard-supported venture. He can be reached via e-mail christinarenninger@att.net. While working his way up at Wellington, Mr. Bogle persuaded Mr. Morgan to introduce a new all-equity fund, called the Windsor Fund, to complement Wellington, which invested in both stocks and bonds. Bill Falloon, an editor at John Wiley & Sons, remembers when Mr. Bogle visited the publishers Park Avenue office for a marketing strategy meeting about Mr. Bogles The Little Book of Common Sense Investing. Most observers expect that the share of corporate ownership by index funds will continue to grow over the next decade. Resides in Uniontown, PA. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. Reading was among his pleasures, as was The New York Times crossword puzzle, which he often completed in less than 20 minutes. Mr. Bogle outlived three pacemakers, and kept a gym bag with a squash racket by his desk. Vanguard veterans say that Mr. Bogle and Mr. Brennan barely spoke, if at all, in the years afterward. He was like a surrogate father to me, said former headmaster Chan Hardwick. In 1999, Fortune named Mr. Bogle one of the investment industrys four giants of the 20th century, and in 2004, Time listed him among the 100 most influential people in the world. Mr. Bogle built Vanguard, which is based in Malvern, Pa., on a cornerstone belief that was anathema to most mutual fund companies: that over the long term, most investment managers cannot outperform the broad market averages. Mr. Bogle produced a scholarly opus that proved to be a blueprint for his career. In January 2012, some of the nation's most respected financial leaders celebrated his career at the John C. Bogle Legacy Forum. While Mr. Bogle may have been cheap in the transactions of daily life, he was remarkably generous in a grand way. He was just as comfortable, if not more so, with someone whose cab he happened to get into, talking to people in the subway or to a waiter at the Princeton Club. That he was correct in calling them the croupiers at the gambling table did not endear him to the profession., Simply put, Jack cared, said William Bernstein. Seven years later, a management dispute with the principals of TDPL led Mr. Bogle to form Vanguard in September 1974 to handle the administrative functions of Wellington's funds, while TDPL/Wellington Management would retain the investment management and distribution duties. Now one of the worlds largest investment-management companies, Vanguard vies with BlackRock and Fidelity Investments for the title of biggest mutual-fund group. Mr. Bogle attended Blair Academy in northwestern New Jersey, where he blossomed academically. Popular Networth. Mr. Bogle at the Vanguard campus in Malvern, Pa., in 2012. He married Eve Sherrerd in 1956. After he hired me, he said, Youre going to make mistakes. Mr. Bogle was named president of Wellington in 1967, and soon thereafter it merged with the Boston investment company Thorndike, Doran, Paine & Lewis. Bill Falloon, an editor at John Wiley & Sons, remembers when Mr. Bogle visited the publishers Park Avenue office for a marketing strategy meeting about Mr. Bogles The Little Book of Common Sense Investing. Quoting: Anonymous Coward 37135144. Mr. Morgan hired the ambitious 22-year-old for his Philadelphia-based investment management firm, Wellington Management Company. Make a life-giving gesture . He officially stepped down as chief executive of Vanguard in January 1996 and remained as chairman until the end of 1999. Open to all tips: earvedlund@inquirer.com. For more than 20 years, he donated half his annual income to philanthropic causes, particularly those institutions that helped develop his mind and form his character. He told me the most important thing in a relationship is trust, and trust is based on honesty. His greatest accomplishment, Mr. Bogle often said, was putting the mutual back in mutual funds. His most important innovation was the index fund. Another family rite revolved around the Fourth of July, a holiday that evoked Mr. Bogles strong sense of patriotism. Another institution that benefited tremendously from Mr. Bogles involvement was the Constitution Center, whose board he chaired from 1999 to 2007. While index funds have become widely popular, Vanguards competitors often have been less than keen about following the companys penny-pinching lead. He received honorary doctorate degrees from Villanova University, Trinity College, Georgetown University, Princeton University, the University of Delaware, University of Rochester, New School University, Susquehanna University, Eastern University, Widener University, Albright College, The Pennsylvania State University, Drexel University, and Immaculata University. The life size statue of John Bogle, the founder of the Vanguard Group, is shown Oct. 20, 2005, at the headquarters in Malvern, Pennsylvania. My ideas are very simple, he once said. The investment world recently lost an investment legend and below is a tribute by Vanguard to their founder Jack Bogle. It declared to the outside world that we were national and bipartisan, and aspired to the highest level of excellence., Mr. Bogle served on numerous boards during his career, including the board of governors of the Investment Company Institute, which he chaired in 1969 to 1970. Vanguard announced his death. He worked tirelessly toward that goal, and his message never changed with the investing climate. My only regret about money, he said in 2012, is that I dont have more to give away., John C. Bogle, Founder of Financial Giant Vanguard, Is Dead at 89, https://www.nytimes.com/2019/01/16/obituaries/john-bogle-vanguard-dead.html. He served his university on many occasions from leading the Class of 1951 at its 25th reunion to advising the Princeton University Investment Co.. "We are more than a mere industry," he insisted in a 1987 speech before the National Investment Company Services Association. In a lot of ways, the last decade, an extra decade of my life, has been the happiest of my life, Mr. Bogle said in 2008. His greatest accomplishment, Mr. Bogle often said, was putting the mutual back in mutual funds. His most important innovation was the index fund. He said of the economy: The disparity in income is deeply regrettable. He was a social critic, civic leader, mentor, and philanthropist whose generosity to the institutions that shaped his character, notably Blair Academy and Princeton University, far outstripped his legendary frugality. Mr. Bogle readily took swipes at the press for lauding fund managers who temporarily got a hot hand, and for focusing heavily on a funds quarterly performance. Daughter: Nancy Moore St. John Daughter: Sandra Hipkins Bogle Marucci Although he played no role in managing Vanguard after 2000, he continued to show up every weekday, usually in suit and tie and shined shoes, to discharge his duties as president of the Bogle Financial Markets Research Center. Mortimer "Tim" Buckley, 48, was born in Boston, the child of a nurse and a surgeon. Were never allowed to use the word product, he told an interviewer in 1995. In short order, Morgan became Mr. Bogles mentor. Nevertheless, Mr. Bogle, to use a pet phrase, pressed on regardless. After retiring as Vanguards chairman and CEO in 1996 and its senior chairman in 2000, he became president of the Bogle Financial Markets Research Center, quartered in the Victory Building on the Vanguard campus. Bogle wrote 12 books, selling over 1.1 million copies worldwide. In an op-ed for the Wall Street Journal in 2018, he warned that the concentration of ownership created by indexing firms presented a threat to the markets. He genuinely liked talking to people and hearing their views. The world wont be the same without Jack. Weary from the train trip, Mr. Bogle asked where he could catnap. Andrew has the phone number (610) 649-0638 (Verizon Pennsylvania, Inc). Mr. Bogle married Eve Sherrerd in 1956. I dont think theres an author who spent greater care on the words he chose, said Falloon, the Wiley editor who worked with Mr. Bogle. Mr. Bogles philanthropy reflected his belief that to whom much is given, much is expected. Dennis Bogle phone number is here for you! Mr. Bogle, known as Jack, was born. In 1991, he was named by the chairman of the Securities and Exchange Commission, Richard C. Breeden, to the Market Oversight and Financial Services Advisory Committee. 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