In addition to squash, Mr. Bogle enjoyed tennis and golf, sailing, and summering at Lake Placid, N.Y. 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. He worked his way through Blair Academy and Princeton University as a waiter and also managed Princeton's athletic ticket office. He served as a trustee of the American Indian College Fund, The American College, and Blair Academy. A champion of the individual investor, Mr. Bogle is widely credited with helping to bring increased disclosure about mutual fund costs and performance to the public. He was also a fellow of the American Philosophical Society and the American Academy of Arts and Sciences. They had 12 grandchildren and six great-grandchildren. We are honored to continue his legacy of giving every investor 'a fair shake.'". 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. If Vanguard runs a tight ship, its a direct reflection of its founder. The essential message is, stop focusing on self and start thinking about service to others.. Several years later, a management dispute with the principals of the new company led Mr. Bogle to depart; he founded Vanguard in 1974 to handle the administrative functions of the mutual funds overseen by Wellington Management. 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. John C. Bogle (1929- ) founded the mutual fund company Vanguard and is a leader in the mutual fund industry. At Blair, Mr. Bogle chaired the board of trustees, chose the headmaster, and helped finance the construction of several buildings. 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. Mr. Bogle enjoyed helping the ordinary man of modest means make money. . Windsor Fund, a value-oriented equity fund, debuted in 1958. He was 89. . The world wont be the same without Jack. He was very emotional, and teared up easily over things. He liked to write his own speeches. Even as he became more prominent, he did not change within the family. Speculation (2012); The Little Book of Common Sense Investing: 10th Anniversary Edition (2017), and, Stay the Course: The Story of Vanguard and the Index Revolution (2018). Mr. Bogle wrote 12 books, selling over 1.1 million copies worldwide. 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. Another family rite revolved around the Fourth of July, a holiday that evoked Mr. Bogles strong sense of patriotism. I thought there would be an exception for the companys founder, he said in 2012. His personal assistant, Michael Nolan, said the cause was esophageal cancer. He wore the same wool ties and suits forever, said son Andrew Armstrong Bogle. My dad may have seemed like a hard-charging businessman, but underneath there was real emotion and care and concern and empathy, said daughter Barbara. California residents do not sell my data request. We've listed 14 related ones in 8 states. And then he stretched out and put his head on the back rest., Before nodding off, Mr. Bogle issued instructions: If anybody wonders what Im doing, tell them Im dead.. Liquidity Factor ETF will be liquidated in late November. Mr. Bogle attended Blair Academy in northwestern New Jersey, where he blossomed academically. He was 89. Mr. Bogle regularly gave half his salary to charities. VALLEY FORGE, Pa., Jan. 16, 2019 /PRNewswire/ -- Vanguard announces the passing of John Clifton Bogle, founder of The Vanguard Group, who died tod. Said Stengel: I often felt compelled to leave an extra tip so the waitress wouldnt feel shortchanged.. 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. 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 is survived by his wife, and his children: Andrew Armstrong Bogle, Barbara Bogle Renninger, Jeanne Bogle England, Nancy Bogle St. John, Sandra Hipkins Bogle and John C. Bogle Jr. Im writing what I want and saying what I want, and I think my name and reputation, for whatever thats worth, have been enhanced.. Barbara has been found in 8 states including Texas, Nebraska, Florida, South Carolina, Pennsylvania. Mr. Bogle was proud of the many jobs he held in his youth newspaper delivery boy, waiter, ticket seller, mail clerk, cub reporter, runner for a brokerage house, pinsetter in a bowling alley. Mr. Bogle served on the board of the Investment Company Institute, a mutual fund trade group, from 1969 to 1974, and as its chairman from 1969 to 1970. "Jack Bogle made an impact on not only the entire investment industry, but more importantly, on the lives of countless individuals saving for their futures or their children's futures," said Vanguard CEO Tim Buckley. He served his university on many occasions from leading the Class of 1951 at its 25th reunion to advising the Princeton University Investment Co.. Mr. Bogle had long argued that a mutual fund representing a broad range of businesses for instance, the Standard & Poors 500, an index containing the stocks of 500 large publicly held U.S. companies would not only match the markets average return but also generally surpass the performance of actively managed funds. He wrote articles, speeches, and books, answered questions from investors, granted interviews to reporters, and continued to cultivate and encourage members of Vanguards crew while keeping a three-person staff busy. When we were growing up, we were told that were very fortunate in so many ways and that we were expected to give back, Andrew Bogle recalled. People named Barbra Bogle. Bogle was a best-selling author, beginning with Bogle on Mutual Funds: New Perspectives for the Intelligent Investor in 1993. His greatest accomplishment, Mr. Bogle often said, was putting the mutual back in mutual funds. His most important innovation was the index fund. A quick search turned up multiple names. At first, Mr. Bogle floundered, and his low grades in economics, his major, almost cost him his scholarship. Vanguard managed its indexed mutual funds at cost, charging investors fees that were far lower than those of virtually all of its rivals. There was no bed or couch, he was informed. Lived In Willingboro NJ. They had 12 grandchildren and six great-grandchildren. But the Great Depression eventually erased the family fortune. There's one phone number . The Bogles lost their home and were forced to move in with relatives. This was a theme for Mr. Bogle and his successors: Vanguard is known today for maintaining investment costs among the lowest in the industry. 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. John Bogle was an investor, business magnate, and philanthropist best known as an originator and retired chief of The Vanguard Group. Vanguard founder John Jack Bogle signed copies of his book at the 2017 Bogleheads conference, Desmond Hotel, Philadelphia. It costs $1,780 per month to rent two bedrooms in the zip code 19096, according to HUD's Office of Policy Development and . Mr. Morgan had read Mr. Bogles senior thesis on mutual funds. There will be things youll do that youll wish you hadnt, and things you wont do that youll wish you had. Rebecca celebrated 36th birthday on June 1. A few months later, he was back in the office, writing and speaking about issues of importance to mutual fund investors. Mr. Bogle produced a scholarly opus that proved to be a blueprint for his career. . Cision Distribution 888-776-0942 They had six children: daughters Barbara Bogle Renninger, Jean Bogle, Nancy Bogle St. John, and Sandra Bogle Marucci, and sons John C . He told me the most important thing in a relationship is trust, and trust is based on honesty. John C. Bogle, 89, who revolutionized the way Americans save for the future, championed the interests of the small investor, and railed against corporate greed and the excesses of Wall Street, died of cancer Wednesday at his home in Bryn Mawr, his family confirmed. . The second best result is Barbara A Renninger age 70s in Lewistown, PA. 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. Mr. Bogle left the Vanguard board and set up the Bogle Financial Markets Research Center, a financial research institute, in order, he said, to let the controversy die away in a gracious way., Mr. Brennan was succeeded by F. William McNabb III, who told Mr. Sommer in 2012 that people at Vanguard revere Jack Bogle.. Mr. Bogle, who had struggled with a congenital heart defect and had several heart attacks, received a heart transplant in 1996. After he hired me, he said, Youre going to make mistakes. Everything else pales by comparison. His grandfather, a prosperous merchant, founded a company that became part of the American Can Co., and Mr. Bogles early years in Montclair, N.J., were affluent. Corporate board membershipsMr. The world wont be the same without Jack. Thank you to our Gala Co-Chairs Gretchen & Gordon Cooney and Anne & David Hilton, as well as the 2016 Gesu Gala Committee for their . In investing, you get what you dont pay for. The thesis earned Mr. Bogle a top grade, and he graduated magna cum laude. 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. Reflections on Investment Illusions, Capitalism, "Mutual" Funds, Indexing, Entrepreneurship, Idealism, and Heroes (2011); The Clash of the Cultures: Investment vs. The accumulation of material goods is a waste you cant take them with you, anyway and the waste is typified by our financial system. No-Load Mutual Fund Association's first Outstanding Achievement Award, 1986. 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. After he hired me, he said, Youre going to make mistakes. In December 1949, while leafing through Fortune, he happened upon an article about the embryonic mutual-fund industry, and Mr. Bogle developed the topic for his senior thesis. 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.. He genuinely liked talking to people and hearing their stories.. There was no bed or couch, he was informed. She survives him, as do a brother, William Yates Bogle III; four daughters, Barbara Bogle Renninger, Jean Bogle, Nancy Bogle St. John and Sandra Bogle Marucci; two sons, John Jr. and Andrew; 12 grandchildren; and six great-grandchildren. He was fond of saying that so-and-so is all hat and no cattle. Jack was all cattle and not very much hat.. Resides in Uniontown, PA. It was not about wealth, power, fame and other conventional notions of success, he concluded. 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. 22:26. 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. Vanguards consistent growth produced riches for Mr. Bogle, but not to the extent that another ownership structure might have done. Related To Samantha Rush, Raymond Rush, Brrush Rush. 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. Log in or sign up for Facebook to connect with friends, family and people you know. A June wedding is planned. Are you looking for someone named as Dennis Bogle? The principal function of mutual funds is the management of their investment portfolios, Mr. Bogle wrote. Mr. Bogle was a best-selling author, beginning with Bogle on Mutual Funds: New Perspectives for the Intelligent Investor in 1993. . Mr. Bogle was treated for arrythmogenic right ventricular dysplasia, a congenital heart defect, for more than 30 years, and had at least six heart attacks, the first in 1960. 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. Barbara Renninger Found 22 people in Pennsylvania, Florida and 18 other states. It was an experiment in which mutual funds would operate at cost and independently, with their own directors, officers, and staffa radical change from the traditional mutual fund corporate structure, whereby an external management company ran a fund's affairs on a for-profit basis. 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. In 1996, surgeons at Hahnemann University Hospital replaced his faulty heart with a strong one, ending a 128-day wait in the hospital. When he was president of the Constitution Center, Stengel regularly met Mr. Bogle for power breakfasts at one of Mr. Bogles favorite eateries, Bennys Place at Fourth and Chestnut Streets. Mr. Bogle at the Vanguard campus in Malvern, Pa., in 2012. Quoting: Anonymous Coward 37135144. They had 12 grandchildren and six great . The decision was made as part of Vanguard's ongoing, comprehensive review of its global product lineup to ensure that each fund and ETF meets the evolving needs of clients. They have also lived in Mc Veytown, PA Barbara is related to Trudy Kay Renninger and Russel H Renninger as well as 3 additional people. In December 1949, while leafing through Fortune, he happened upon an article about the embryonic mutual-fund industry, and Mr. Bogle developed the topic for his senior thesis. If the jockey carries a lot of extra pounds, its very tough for the horse to win the race.. 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