He was like the last honorable man, a complete straight-shooter, said Rick Stengel, former managing editor of Time and former president of the National Constitution Center, where he worked closely with Mr. Bogle, who then chaired the centers board. Instead, he turned his company into one owned by its mutual funds, and in turn their investors, that exists to provide its customers the lowest price. Vanguard. There will be things youll do that youll wish you hadnt, and things you wont do that youll wish you had. On file we have 27 email addresses and 19 phone numbers associated with Andrew in area codes such as 607, 609, 610, 336, 623, and 8 other area codes. Bogle was born May 8, 1929, in Montclair, New Jersey. He also responded personally to many of the letters written to him by Vanguard shareholders, and he wrote many reports, sometimes as long as 25 pages, to Vanguard employeeswhom he called "crew members" in light of Vanguard's nautical theme. Mr. Bogle had hoped that the Vanguard model structurally correct, mathematically correct, and ethically correct would goad other investment firms to give customers a fairer shake. For six go-go years, the partnership flourished, but when stock prices plunged in 1974, Mr. Bogle was fired. Motivated by a mix of pragmatism and idealism, Mr. Bogle was regarded by friends and foes alike as the conscience of the industry and the sheriff of Wall Street. From the station or airport, he walked to his destination rather than taking a cab, or hailed a cab rather than riding in a limo, even in his 70s. John C. Bogle (1929- ) founded the mutual fund company Vanguard and is a leader in the mutual fund industry. He served his university on many occasions from leading the Class of 1951 at its 25th reunion to advising the Princeton University Investment Co.. John Bogle was a business mogul, philanthropist, and investor. He remained a man without pretense and pomposity. Six persons, including Barbara Bogle, Scott D Renninger, Andrew Renninger, Barbara B Renninger, Christina Renninger, Rebecca M Renninger, listed the phone number (610) 649-0638 as their own, various documents indicated. 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. cakap ( Talk), cakap( Talk) : As a blogger, I have failed. The couple 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. He worked his way through Blair Academy and Princeton University as a waiter and also managed Princeton's athletic ticket office. 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. Vanguard veterans say that Mr. Bogle and Mr. Brennan barely spoke, if at all, in the years afterward. AwardsIn 2004, Time magazine named Mr. Bogle one of "the world's 100 most powerful and influential people" and Institutional Investor magazine presented him with its Lifetime Achievement Award. 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. While index funds have become widely popular, Vanguards competitors often have been less than keen about following the companys penny-pinching lead. In 1996, surgeons at Hahnemann University Hospital replaced his faulty heart with a strong one, ending a 128-day wait in the hospital. I dont know what we do about it exactly.. Mr. Bogle wasnt afraid to criticize his own index fund creation which he wrote may have grown too large. Din Merican, Your email address will not be published. The accumulation of material goods is a waste you cant take them with you, anyway and the waste is typified by our financial system. Mr. Bogles children recalled growing up in a drafty house in Haverford where the thermostat was set low in winter and they piled into their parents bedroom on steamy summer nights because it was the only spot with an air conditioner. 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. Rebecca celebrated 36th birthday on June 1. Andrew has the phone number (610) 649-0638 (Verizon Pennsylvania, Inc). You want to be average and then win by virtue of your costs, Mr. Bogle said. VALLEY FORGE, Pa., Jan. 16, 2019 /PRNewswire/ -- Vanguard announces the passing of John Clifton Bogle, founder of The Vanguard Group, who died today in Bryn Mawr, Pennsylvania. 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. Bogle, then 76, had written his fifth book. Mr. Bogle pioneered low-cost, low-fee investing that was ridiculed at first, but would enable millions of ordinary Americans to build wealth. Weary from the train trip, Mr. Bogle asked where he could catnap. August 29, 2022. If youre honest with me, Ill support you fully. . Refusing to surrender, Mr. Bogle persuaded the board of Wellington to split from the management company that canned him and appoint him to administer the funds at cost, thereby saving a bundle in fees. John Clifton Bogle early realized the value of a penny. For his pioneering of the index concept for individual investors, Mr. Bogle was often called the "father of indexing.". Dennis Bogle phone number is here for you! To describe his new venture, Mr. Bogle coined the term "The Vanguard Experiment." 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. In short order, Morgan became Mr. Bogles mentor. Not to worry, Mr. Bogle said. This was our time to talk to each other and find out what was going on in each others lives, Andrew Bogle recalled. 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. The life size statue of John Bogle, the founder of the Vanguard Group, is shown Oct. 20, 2005, at the headquarters in Malvern, Pennsylvania. Mr. Bogle worked in several departments before becoming assistant to the president in 1955, the first in a series of executive positions he would hold at Wellington: 1962, administrative vice president; 1965, executive vice president; and 1967, president. Mr. Bogle, a chipper and unpretentious man who invited everyone to call him Jack, was founder and for many years chairman of the Vanguard Group, the Malvern-based mutual-fund company, where he pioneered low-cost, low-fee investing and mutual funds tied to stock-market indexes. We have 10 records for Barbara Renninger ranging in age from 34 years old to 88 years old. Mr. Bogles net worth was generally estimated at $80 million last year. Reflections on Investment Illusions, Capitalism, "Mutual" Funds, Indexing, Entrepreneurship, Idealism, and Heroes (2011); The Clash of the Cultures: Investment vs. John Clifton Bogle of Bryn Mawr PA died at home on January 16, 2019, surrounded by his family. They sang patriotic songs (Lee Greenwoods God Bless the USA was a favorite), and Mr. Bogle raised a toast to the country of which he was so proud. 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 received honorary degrees from a dozen universities, including his alma mater, which also bestowed on him its highest accolade, the Woodrow Wilson Award, for distinguished achievement in the nations service.. Bogle was active in the investment industry. Barbara has been found in 8 states including Texas, Nebraska, Florida, South Carolina, Pennsylvania. I grew up in the best possible way, Mr. Bogle said in 2008, because we had social standing I never thought I was inferior to anybody because we didnt have any money but I had to work for everything I got.. His civic work extended to organizations involved in education, leadership, and public affairs. A June wedding is planned. Introducing the center to the nation with Mr. Bogle as chairman was a huge advantage, said Joe Torsella, the centers president at the time and now Pennsylvania treasurer. Im writing what I want and saying what I want, and I think my name and reputation, for whatever thats worth, have been enhanced.. Author and speakerMr. 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. He also served as chairman of the Investment Companies Committee of the National Association of Securities Dealers Inc. (now FINRA) from 1972 to 1974. Mr. Bogle, a chipper and unpretentious man who invited everyone to call him Jack, was founder and for many years chairman of the Vanguard Group, the Malvern-based mutual-fund company, where he pioneered low-cost, low-fee investing and mutual funds tied to stock-market indexes. Three index fund managers dominate the field with a collective 81 percent share of index fund assets: Vanguard has a 51 percent share; BlackRock 21 percent; and State Street Global 9 percent. The couple 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. Everything else is incidental. I established my roots there, finding even more unimaginable diamonds," he wrote in one of his books. 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.". Bogle was a best-selling author, beginning with Bogle on Mutual Funds: New Perspectives for the Intelligent Investor in 1993. "We are more than a mere industry," he insisted in a 1987 speech before the National Investment Company Services Association. So he walked into this little office and pushed a chair over so its back was on the floor, Falloon recalls. Ridiculed by others in the industry as "un-American" and "a sure path to mediocrity," the fund collected a mere $11 million during its initial underwriting. 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. Log in or sign up for Facebook to connect with friends, family and people you know. 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. Another institution that benefited tremendously from Mr. Bogles involvement was the Constitution Center, whose board he chaired from 1999 to 2007. Now one of the worlds largest investment-management companies, Vanguard vies with BlackRock and Fidelity Investments for the title of biggest mutual-fund group. 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. The principal function of mutual funds is the management of their investment portfolios, Mr. Bogle wrote. A true giant of the industry, Bogle was virtually the creator of index mutual funds and ETFs, and passive investing in general. When he had the heart transplant, it changed him dramatically. Jessica Kourkounis for The New York Times. Enjoy a celebratory evening of cocktails and hors d'oeuvres, dinner, the presentation of the Gesu Spirit Medal to Peter G. Gould & Reverend Stephen D. Thorne, and inspiring stories, art, and performances from Gesu School students. 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. Quoting: Anonymous Coward 37135144. His twin brother David died in 1995. Mr. Bogle especially loved to write. There's one phone number . 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. Much of his own altruism stems from the fact that he was a scholarship kid., It will surprise no one who knew Jack that he directed his support to financial aid and promoting community service, said former Princeton president Shirley Tilghman. Ian Mclellan. Just find me a room. There, Mr. Bogle ordered his customary breakfast of two eggs over easy, fried potatoes, two slices of rye toast and coffee, all of which he consumed, Stengel recalled, in an incredibly systematic way. This was a theme for Mr. Bogle and his successors: Vanguard is known today for maintaining investment costs among the lowest in the industry. So he walked into this little office and pushed a chair over so its back was on the floor, Falloon recalls. John C. Bogle, the founder of Vanguard Group and a fierce advocate for investors' rights who revolutionized retirement savings, has died at his home in Bryn Mawr at the age of 89, write Jason Zweig and Sarah Krouse for The Wall Street Journal.. Stay the Course, the last of Jack Bogle's 14 books, is available in hard copy and Kindle format on Amazon. In 1993 and people you know author, beginning barbara bogle renninger Bogle on funds. Whose board he chaired from 1999 to 2007 C. Bogle ( 1929- ) founded the mutual fund industry virtue... 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