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. In addition to squash, Mr. Bogle enjoyed tennis and golf, sailing, and summering at Lake Placid, N.Y. When he was 37, his doctor advised him to retire. . Jan 16, 2019 jcbadmin. Yes (Sandra Bogle Marucci, Jean Bogle, Nancy Moore Bogle, Andrew Armstrong Bogle, Barbara Bogle Renninger, John Bogle Jr.) Dating: N/A: Profession : Investor, business magnate, and philanthropist: Net Worth . 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 officially stepped down as chief executive of Vanguard in January 1996 and remained as chairman until the end of 1999. 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 held our industry to a higher standard than it held itself, and I think a lot of people took umbrage at that, said Arthur Zeikel, a former Merrill Lynch & Co. CEO who knew Mr. Bogle for decades. What impressed me most about Jack was his humility and approachability, said Mel Lindauer, a leader of the Bogleheads and coauthor of The Bogleheads Guide to Investing. Mr. Bogle especially loved to write. Cost is a handicap on the horse. While Mr. Bogle was facile with numbers, he was much less interested in counting than in what counts, and his intellectual range was broad. "We are more than a mere industry," he insisted in a 1987 speech before the National Investment Company Services Association. 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 I do not believe that such concentration would serve the national interest, he wrote. He always went the extra mile to make sure there wasnt a single person who could not understand what he was saying.. 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. 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. 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.. These innovations, reviled and ridiculed at first, enabled millions of ordinary Americans to build wealth to buy a home, pay for college, and retire comfortably. 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. 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. Now one of the worlds largest investment-management companies, Vanguard vies with BlackRock and Fidelity Investments for the title of biggest mutual-fund group. The principal function of mutual funds is the management of their investment portfolios, Mr. Bogle wrote. 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. 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. 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. At Blair, Mr. Bogle chaired the board of trustees, chose the headmaster, and helped finance the construction of several buildings. The essential message is, stop focusing on self and start thinking about service to others.. 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. 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. Vanguard announced his death. Includes Address (4) Phone (7) Email (4) See Results. The world wont be the same without Jack. Anyone can read what you share. 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. Everything else is incidental. He became much more connected to the family. Despite the heavy demands on his time, Mr. Bogle put his family first. Bogle Eve Sherrerd 1956. He was a true American hero.. Cost is a handicap on the horse. In early 1965, when Mr. Bogle was only 35, Morgan anointed him his successor. Select this result to view Barbara A Renninger's phone number, address, and more. 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. 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 2023: $85 million: Last Updated: February 2023 Another institution that benefited tremendously from Mr. Bogles involvement was the Constitution Center, whose board he chaired from 1999 to 2007. John Clifton Bogle of Bryn Mawr PA died at home on January 16, 2019, surrounded by his family. Eagle Bear Camp, LLC is the only company registered to this address. He was a true American hero.. . Mr. Morgan had read Mr. Bogles senior thesis on mutual funds. In 1997, he was appointed by then-SEC Chairman Arthur Levitt to serve on the Independence Standards Board. He worked his way through Blair Academy and Princeton University as a waiter and also managed Princeton's athletic ticket office. Headstrong and impulsive, Mr. Bogle arranged a merger with high-flying investment managers in Boston. 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. Yale School of Management, Legends of Leadership, 2003. Dennis Bogle phone number is here for you! 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. 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. 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. 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. Along the way, Mr. Bogle attracted his share of critics. 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. 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. At Blair and Princeton, Bogle endowed the Bogle Brothers Scholarships, which enabled scores of budding scholars to further their education. That philosophy attracted a following, including a group of grateful devotees who called themselves the Bogleheads, and convened annually to swap investment advice and pay homage to the man who had done so much to nourish their portfolios. While index funds have become widely popular, Vanguards competitors often have been less than keen about following the companys penny-pinching lead. Award for Professional Excellence from the Association for Investment Management and Research, 1998. He took chances on people because someone took a chance on him, said Stengel. 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. He was the author of at least 10 books, mainly about investing all of which he proudly wrote himself. This phone number may belong to other persons Barbara Bogle, David B Renninger, Andrew Renninger, Barbara B Renninger, Christina Renninger, Rebecca M Renninger. He genuinely liked talking to people and hearing their stories.. Most observers expect that the share of corporate ownership by index funds will continue to grow over the next decade. He was literally reborn, and he really appreciated the chance of having a second go at life.. 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. He was 89. Mr. Bogle pioneered low-cost, low-fee investing that was ridiculed at first, but would enable millions of ordinary Americans to build wealth. Mr. Bogle produced a scholarly opus that proved to be a blueprint for his career. More than a successful businessman, Mr. Bogle was a capitalist with a soul. Price: $3.60. I dont know what we do about it exactly.. 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. They had 12 grandchildren and six great . In investing, you get what you dont pay for. In short order, Morgan became Mr. Bogles mentor. 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. A twin brother, David, died in 1994. This was a theme for Mr. Bogle and his successors: Vanguard is known today for maintaining investment costs among the lowest in the industry. Andrew has the phone number (610) 649-0638 (Verizon Pennsylvania, Inc). They had six children: daughters Barbara Bogle Renninger, Jean Bogle, Nancy Bogle St. John, and Sandra Bogle Marucci, and sons John C . Ian Mclellan. 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. Mr. Bogle wasnt afraid to criticize his own index fund creation which he wrote may have grown too large. 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.. The Bogles lost their home and were forced to move in with relatives. Mr. Bogle outlived three pacemakers, and kept a gym bag with a squash racket by his desk. After his heart transplant in 1996, he returned to good enough health that he was able to play squash daily. 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 youre going to give back.. His zeal for his mission of helping investors get a fair shake was legendary. 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 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. Most recently, he published Stay the Course: The Story of Vanguard and the Index Revolution (Wiley, 2018). Bogle was a best-selling author, beginning with Bogle on Mutual Funds: New Perspectives for the Intelligent Investor in 1993. Early on, he served as chairman of the board of governors of the Investment Company Institute from 1969 to 1970. If youre honest with me, Ill support you fully. . He basically chose to forgo an enormous fortune to do something right for millions of people. Bogle was active in the investment industry. Not to worry, Mr. Bogle said. Press Clippings. Born: 8-May-1929 Birthplace: Montclair, NJ Died: 16-Jan-2019 Location of death: Bryn Mawr, PA Cause of death: Cancer - Throat. We had a chance to chat with Barbara Bogle Renninger, daughter of John Bogle, the founder of Vanguard Group during our 2018 Flame of Hope Gala. But the Great Depression eventually erased the family fortune. The Bogles lost their home and were forced to move in with relatives. Im doing what I want to do. Mr. Bogle produced a scholarly opus that proved to be a blueprint for his career. 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.. 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. 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. Two of his children followed his example of service in an obvious way. John C. Bogle: John C. Bogle hrek, John C. Bogle cikkek. Vanguard, the company he founded to embody his philosophy, is now one of the largest investment management firms in the world. 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. Weary from the train trip, Mr. Bogle asked where he could catnap. 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. So intelligent investors will use low-cost index funds to build a diversified portfolio of stocks and bonds, and they will stay the course. When traveling, Mr. Bogle usually took the train or flew coach. Bogle was sought after in the corporate community. In 1996, surgeons at Hahnemann University Hospital replaced his faulty heart with a strong one, ending a 128-day wait in the hospital. 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. He can be reached via e-mail christinarenninger@att.net. In addition to Bogle on Mutual Funds, his other books include Common Sense on Mutual Funds (1999) and The Clash of the Cultures: Investment vs. Speculation (2012). The next year he again broke from industry practice, selling mutual funds directly to investors rather than through brokers, and thus eliminating the sales fees of up to 9 percent that funds typically charged. 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. 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. "Our challenge at the time," Mr. Bogle recalled a decade later, "was to build, out of the ashes of major corporate conflict, a new and better way of running a mutual fund complex. Barbra Bogle. 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 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. His twin brother David died in 1995. 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.. 16., Bryn Mawr, Pennsylvania, Egyeslt llamok Hzastrs: Eve Bogle Gyermekek: Sandra Bogle Marucci, Andrew Armstrong Bogle, Barbara Bogle Renninger s tovbbiak Testvrek: David Caldwell Bogle s . 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 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. He served his university on many occasions from leading the Class of 1951 at its 25th reunion to advising the Princeton University Investment Co.. Barbara Renninger Found 22 people in Pennsylvania, Florida and 18 other states. 4 , Barbara Bogle Renninger, Jean Bogle, Nancy Bogle St. John Sandra Bogle Marucci, , John Jr. Andrew , 12 . Mutual fund companies, he said, were all but immoral for accepting such fees. A true giant of the industry, Bogle was virtually the creator of index mutual funds and ETFs, and passive investing in general. Vanguard is one of the world's largest investment management companies. Miss Bogle, a teaching assistant at the Brearley School in New York, graduated from the Shipley School in Bryn Mawr, Pa., and with the class of '83 from Trinity College . He genuinely liked talking to people and hearing their stories.. After he hired me, he said, Youre going to make mistakes. Im writing what I want and saying what I want, and I think my name and reputation, for whatever thats worth, have been enhanced.. Like Perelman, Mr. Bogle carved a remarkable path. 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. He genuinely liked talking to people and hearing their views. At first, Mr. Bogle floundered, and his low grades in economics, his major, almost cost him his scholarship. John Clifton Bogle was born in Montclair, N.J., on May 8, 1929. His zeal for his mission of helping investors get a fair shake was legendary. Another institution that benefited tremendously from Mr. Bogles involvement was the Constitution Center, whose board he chaired from 1999 to 2007. 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. stock market research After giving up the chief executive title to his handpicked successor, John J. Brennan, Mr. Bogle openly disagreed with several of Mr. Brennans decisions. John C. Bogle in 2017. I dont know any other story like it in American business history.. 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. Vanguard. 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. Barbara has been found in 8 states including Texas, Nebraska, Florida, South Carolina, Pennsylvania. He was a trustee for the American Indian College Fund and The American College. Liquidity Factor ETF will be liquidated in late November. 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 He served his university on many occasions from leading the Class of 1951 at its 25th reunion to advising the Princeton University Investment Co.. 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. 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. . Most fund companies spend huge sums to attract new customers. Mr. Bogle is survived by his wife, and his children: Andrew Armstrong Bogle, Barbara Bogle Renninger, Jean Bogle, Nancy Bogle St. John, Sandra Hipkins Bogle and John C. Bogle Jr. The thesis earned Mr. Bogle a top grade, and he graduated magna cum laude. Jessica Kourkounis for The New York Times. Residents of 19096 pay approximately $1,780 a month for a 2-bedroom unit. 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. Mr. Bogle also wrote numerous articles and commentaries for trade and business publications. He wore the same wool ties and suits forever, said son Andrew Armstrong Bogle. 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. When he did a book, he was so meticulous; hed rewrite and rewrite. He wore the same wool ties and suits forever, said son Andrew Armstrong Bogle. Another family rite revolved around the Fourth of July, a holiday that evoked Mr. Bogles strong sense of patriotism. Bogle, who had struggled with a congenital heart defect and had several heart attacks, had received a heart transplant in 1996. By. Vanguard managed its indexed mutual funds at cost, charging investors fees that were far lower than those of virtually all of its rivals. 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. It sounds like toothpaste and beer.. He remained a man without pretense and pomposity. Andrew Renninger, Barbara B Renninger, and five other persons spent some time in this place. Even as he became more prominent, he did not change within the family. I cover all things Wall Street, personal finance and investing, people and their money. Popular Networth. 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. Two of his children followed his example of service in an obvious way. At first, Mr. Bogle floundered, and his low grades in economics, his major, almost cost him his scholarship. You want to be average and then win by virtue of your costs, Mr. Bogle said. For his pioneering of the index concept for individual investors, Mr. Bogle was often called the "father of indexing.". He took chances on people because someone took a chance on him, said Stengel.