Your email address will not be published. Press Clippings. Daughter: Nancy Moore St. John Daughter: Sandra Hipkins Bogle Marucci The Bogles lost their home and were forced to move in with relatives. Children and grandchildren gathered at the family camp on Lake Placid. He built the Vanguard Group on the belief that over the long term, most investment managers cannot outperform the broad market averages. If the jockey carries a lot of extra pounds, its very tough for the horse to win the race.. . He remained a man without pretense and pomposity. Mr. Bogles net worth was generally estimated at $80 million last year. After graduating magna cum laude from Princeton in 1951 with an economics degree, Mr. Bogle was hired by Walter L. Morgan, founder of the Wellington Fund, a Philadelphia-based fund management company. Mr. Bogle. Now one of the worlds largest investment-management companies, Vanguard vies with BlackRock and Fidelity Investments for the title of biggest mutual-fund group. While Mr. Bogle may have been cheap in the transactions of daily life, he was remarkably generous in a grand way. Mutual fund companies, he said, were all but immoral for accepting such fees. I wanted to send a message that our battle-hardened Vanguard Group would be victorious in the mutual fund wars, Bogle wrote in Enough, and that our vanguard would be, as the dictionary says, the leader in a new trend. . It seems only a matter of time until index mutual funds cross the 50 percent mark. He was also a fellow of the American Philosophical Society and the American Academy of Arts and Sciences. Along the way, Mr. Bogle attracted his share of critics. Barbara Bogle, Barbara B Renninger, and five other persons are also associated with this address. Eagle Bear Camp, LLC is the only company registered to this address. His greatest accomplishment, Mr. Bogle often said, was putting the mutual back in mutual funds. His most important innovation was the index fund. 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. Reading was among his pleasures, as was The New York Times crossword puzzle, which he often completed in less than 20 minutes. 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. 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. In addition to his son and daughter, Mr. Bogle is survived by his wife, the former Eve Sherrerd, whom he married in 1956; children Jeanne Bogle England, Nancy Bogle St. John, Sandra Hipkins Bogle, and John C. Bogle Jr.; and at least 12 grandchildren. Since 1984, less than half of the actively managed mutual funds that invest in a broad array of American stocks have outperformed the Vanguard 500 Index Fund, one of the worlds largest, with more than $441 billion in assets under management, according to Vanguard. In addition to squash, Mr. Bogle enjoyed tennis and golf, sailing, and summering at Lake Placid, N.Y. The life size statue of John Bogle, the founder of the Vanguard Group, is shown Oct. 20, 2005, at the headquarters in Malvern, Pennsylvania. He wore the same wool ties and suits forever, said son Andrew Armstrong Bogle. from 8 AM - 9 PM ET. He popularized and became the leading proponent of indexing, the practice of structuring an investment portfolio to mirror the performance of a market yardstick, like the Standard & Poors 500 stock index. Did you mean: barbara bogle. This was our time to talk to each other and find out what was going on in each others lives, Andrew Bogle recalled. The third result is Barbara Renninger age 30s in . Vanguard managed its indexed mutual funds at cost, charging investors fees that were far lower than those of virtually all of its rivals. In December 1999, he stepped down from the Vanguard board of directors and created the Bogle Financial Markets Resource Center, a Vanguard-supported venture. 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. He remained a man without pretense and pomposity. TCB "Taking Care of Business" at Color By Design, Inc. He worked his way through Blair Academy and Princeton University as a waiter and also managed Princeton's athletic ticket office. In addition to his son and daughter, Mr. Bogle is survived by his wife, the former Eve Sherrerd, whom he married in 1956; children Jeanne Bogle England, Nancy Bogle St. John, Sandra Hipkins Bogle, and John C. Bogle Jr.; and at least 12 grandchildren. True Measures of Money, Business, and Life(2008); Common Sense on Mutual Funds: Fully Updated 10th Anniversary Edition (2009); Don't Count on It! He was 89 years old. With his new pump, Mr. Bogle experienced an adolescent surge of vitality that left associates panting to keep up. Mr. Bogle married Eve Sherrerd in 1956. He took chances on people because someone took a chance on him, said Stengel. Andrew Renninger, Barbara B Renninger, and five other persons spent some time in this place. He became much more connected to the family. 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. 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. For his pioneering of the index concept for individual investors, Mr. Bogle was often called the "father of indexing.". Looking back now, I find it remarkable that he was able to work as hard as he did but still say, This is a priority and what Im going to do be home every night.. Jack Bogle. In Memoriam - John C Bogle. He was literally reborn, and he really appreciated the chance of having a second go at life.. "We are more than a mere industry," he insisted in a 1987 speech before the National Investment Company Services Association. We've listed 14 related ones in 8 states. Eve Bogle: Children: Yes (Sandra Bogle Marucci, Jean Bogle, Nancy Moore Bogle, Andrew Armstrong Bogle, Barbara Bogle Renninger, John Bogle Jr.) Dating/Girlfriend (Name): N/A: Profession: Investor, business magnate, and philanthropist: Net Worth in 2022: $85 million: Last Updated: December 2022 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. His twin brother David died in 1995. Bogle was a best-selling author, beginning with Bogle on Mutual Funds: New Perspectives for the Intelligent Investor in 1993. Includes Address (4) Phone (7) Email (4) See Results. Another family rite revolved around the Fourth of July, a holiday that evoked Mr. Bogles strong sense of patriotism. Dennis Bogle phone number is here for you! Raymond G. Perelman, the master deal-maker and philanthropist who gave away more than $300 million to the University of Pennsylvania and other causes, died Monday at his home in Philadelphia. Everything else pales by comparison. 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. He reunited with his doctors years later. Mr. Bogle wrote 12 books, selling over 1.1 million copies worldwide. 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. Mr. Bogle, a resident of Bryn Mawr, PA, began his career in 1951 after graduating magna cum laude in economics from Princeton University. Mr. Bogle in an undated photo. In 2010, Forbes magazine described him as the person who "has done more good for investors than any other financier of the past century." cakap ( Talk), cakap( Talk) : As a blogger, I have failed. Mr. Bogle produced a scholarly opus that proved to be a blueprint for his career. Fortune magazine designated him one of the investment industry's four "Giants of the 20th Century" in 1999. But the Great Depression eventually erased the family fortune. In January 2012, some of the nation's most respected financial leaders celebrated his career at the John C. Bogle Legacy Forum. In investing, you get what you dont pay for.. More than a successful businessman, Mr. Bogle was a capitalist with a soul. Security analysis and portfolio management - Read online for free. Weary from the train trip, Mr. Bogle asked where he could catnap. He was like a surrogate father to me, said former headmaster Chan Hardwick. 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. He was very emotional, and teared up easily over things. 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. In contrast to a management company, which in most cases controls the fund complex and provides all the investment, administrative and marketing services required in its operations, Vanguard is more like a mutual insurer, owned by investors in the funds, which employ their own officers and staff. During our . Center for Corporate Excellence Exemplary Leader Award, 2006. He was often described as a "fierce competitor" on the court and course, a demeanor he also maintained on the job. 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. He always went the extra mile to make sure there wasnt a single person who could not understand what he was saying.. 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. John Clifton Bogle early realized the value of a penny. Most observers expect that the share of corporate ownership by index funds will continue to grow over the next decade. A quick search turned up multiple names. 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. Im writing what I want and saying what I want, and I think my name and reputation, for whatever thats worth, have been enhanced.. 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. Rebecca celebrated 36th birthday on June 1. August 29, 2022. But he applied himself and slowly mastered the demands. 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. There was no bed or couch, he was informed. 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. At Blair and Princeton, Bogle endowed the Bogle Brothers Scholarships, which enabled scores of budding scholars to further their education. The second best result is Barbara A Renninger age 70s in Lewistown, PA. Lives in Hutchinson, Kansas . There will be things youll do that youll wish you hadnt, and things you wont do that youll wish you had. 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. John C. Bogle, who founded the Vanguard Group of Investment Companies in 1974 and built it into a giant mutual fund company, with $4.9 trillion in assets under management today, died on Wednesday at his home in Bryn Mawr, Pa. . He served as a trustee of the American Indian College Fund, The American College, and Blair Academy. Mr. Bogle especially loved to write. 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. A private service will be held next week. ", In 1976, Vanguard introduced the first index mutual fundFirst Index Investment Trustfor individual investors. Required fields are marked *. Jack could have been a multibillionaire on a par with Gates and Buffett, said William Bernstein, an Oregon investment manager and author of 12 books on finance and economic history. It was not about wealth, power, fame and other conventional notions of success, he concluded. 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. In addition to squash, Mr. Bogle enjoyed tennis and golf, sailing, and summering at Lake Placid, N.Y. He officially stepped down as chief executive of Vanguard in January 1996 and remained as chairman until the end of 1999. After he sent a copy to Walter Morgan, Class of 1920 and founder of the Wellington Fund, based in Philadelphia, Morgan hired Mr. Bogle. He was the author of at least 10 books, mainly about investing all of which he proudly wrote himself. Mr. Bogle at the Vanguard campus in Malvern, Pa., in 2012. Were never allowed to use the word product, he told an interviewer in 1995. His twin brother David died in 1995. Vanguard CEO Tim Buckley. You want to be average and then win by virtue of your costs, Mr. Bogle said. John Bogle was a business mogul, philanthropist, and investor. At Blair, Mr. Bogle chaired the board of trustees, chose the headmaster, and helped finance the construction of several buildings. Mr. Bogle and Vanguard again broke from industry tradition in 1977, when Vanguard ceased to market its funds through brokers and instead offered them directly to investors. 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. Mr. Bogle also wrote numerous articles and commentaries for trade and business publications. Mr. Bogle was incapable of retirement. In 1996, surgeons at Hahnemann University Hospital replaced his faulty heart with a strong one, ending a 128-day wait in the hospital. The accumulation of material goods is a waste you cant take them with you, anyway and the waste is typified by our financial system. If that were to happen, the Big Three might own 30 percent or more of the U.S. stock market effective control. 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.. In short order, Morgan became Mr. Bogles mentor. Award for Professional Excellence from the Association for Investment Management and Research, 1998. Mr. Bogle graduated from Blair Academy in Blairstown, N.J., and, in 1951, from Princeton; he was a scholarship student at both. But Mr. Bogle eschewed the product- and marketing-driven thinking of much of the industry that has spread with the boom in mutual fund sales this decade. Just find me a room. Mr. Bogles response was to switch doctors. Mr. Bogle suffered from a rare and degenerative heart disease, and was admitted to Hahnemann Hospital in the fall of 1995 to begin the wait for a new heart. Despite the heavy demands on his time, Mr. Bogle put his family first. Mr. Bogle especially loved to write. In the second half of the 1990s, he said, stock market investors were spoiled by average annual returns of more than 20 percent per year and, as a result, cared too little about the high expenses they were paying to mutual fund managers for those managers presumed expertise at picking stocks. A man who believed in the value of introspection and who was always questioning his own motives and behavior, Mr. Bogle sought to define what it means to lead a good life. I wanted to send a message that our battle-hardened Vanguard Group would be victorious in the mutual fund wars, Bogle wrote in Enough, and that our vanguard would be, as the dictionary says, the leader in a new trend. . 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. Mr. Bogle was named president of Wellington in 1967, and soon thereafter it merged with the Boston investment company Thorndike, Doran, Paine & Lewis. 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. Most fund companies spend huge sums to attract new customers. When traveling, Mr. Bogle usually took the train or flew coach. Mr. Morgan had read Mr. Bogles senior thesis on mutual funds. Not to worry, Mr. Bogle said. He told me the most important thing in a relationship is trust, and trust is based on honesty. n his 70s, he displayed the energy of men half his age, and his pace and ambition were the more remarkable because of his lifelong battle with heart disease, the result of a congenital defect that affected the hearts electrical current. See Photos. 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. We could choose our own way of contributing, whether it be time or money or just our thoughts, but we knew that the default option is that you're going to give back.. 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. I do not believe that such concentration would serve the national interest, he wrote. 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. John Clifton Bogle of Bryn Mawr PA died at home on January 16, 2019, surrounded by his family. You want to be average and then win by virtue of your costs, Mr. Bogle said. View the latest Wiki of John Bogle also find Net Worth, Age, Height & More. He married Eve Sherrerd in 1956. (Mr. Bogle named the company after Admiral Horatio Nelson's flagship at the Battle of the Nile in 1798; he thought the name "Vanguard" resonated with the themes of leadership and progress.). Andrew has been found in 11 states including New York, Colorado, Arizona, Michigan, Pennsylvania. He was 89. Bogle with Ed Rendell (left) and President Bill Clinton (right) in Philadelphia about 20 years ago. Weary from the train trip, Mr. Bogle asked where he could catnap. Mr. Bogle is the second financial titan from the region to die in the last three days. Barbara Renninger Found 22 people in Pennsylvania, Florida and 18 other states. Among his numerous other awards and honors were: Civic workAn avid booster of Philadelphia and the surrounding area, Mr. Bogle was active in civic affairs. Malaysia: Moderation, not Racism and Religious Extremism, is in our DNA, Malaysia:The Problem of having a Prime Minister-in-Waiting. . Mr. Morgan hired the ambitious 22-year-old for his Philadelphia-based investment management firm, Wellington Management Company. He had no desire to be ostentatious, and he didnt hang out with just investment titans. Now known as Vanguard 500 Index Fund, it has grown to be one of the industry's largest, with more than $441 billion in assets (the sister fund, Vanguard Institutional Index Fund, has $221.5 billion in assets). I dont know any other story like it in American business history.. 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. 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. Cost is a handicap on the horse. 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. View contact information: phones, addresses, emails and networks. 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.. Win by virtue of your costs, Mr. Bogle said construction of several buildings Bogle early realized value! 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