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. Bogles father, an improvident charmer, was ill-equipped to cope. When he was 37, his doctor advised him to retire. 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 Vanguard managed its indexed mutual funds at cost, charging investors fees that were far lower than those of virtually all of its rivals. 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. He became much more connected to the family. Sign Up. Barbara Bogle, Barbara B Renninger, and five other persons are also associated with this address. More than a successful businessman, Mr. Bogle was a capitalist with a soul. Now one of the worlds largest investment-management companies, Vanguard vies with BlackRock and Fidelity Investments for the title of biggest mutual-fund group. 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. In investing, you get what you dont pay for. No-Load Mutual Fund Association's first Outstanding Achievement Award, 1986. 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. Mr. Bogle, known as Jack, was born. 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. 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. A rift developed between them, which contributed to Mr. Bogles failure to persuade Vanguards board of directors to allow him to stay on past the traditional retirement age of 70. 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. The world wont be the same without Jack. They had 12 . Mutual fund companies, he said, were all but immoral for accepting such fees. 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. 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. . 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. But the Great Depression eventually erased the family fortune. Just find me a room. 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. Most observers expect that the share of corporate ownership by index funds will continue to grow over the next decade. The principal function of mutual funds is the management of their investment portfolios, Mr. Bogle wrote. I established my roots there, finding even more unimaginable diamonds," he wrote in one of his books. August 29, 2022. View David Renninger results including current phone number, address, relatives, background check report, and property record with Whitepages. "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. 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. From there, he went to Princeton, which offered him a full scholarship and a job waiting tables in the dining hall. He was also a fellow of the American Philosophical Society and the American Academy of Arts and Sciences. He took chances on people because someone took a chance on him, said Stengel. 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 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. The thesis earned Mr. Bogle a top grade, and he graduated magna cum laude. He genuinely liked talking to people and hearing their stories.. Everything else pales by comparison. The firm, headquartered in Valley Forge, Pennsylvania, offers more than 413 funds to its more than 20 million investors worldwide. In addition to squash, Mr. Bogle enjoyed tennis and golf, sailing, and summering at Lake Placid, N.Y. Its about being a good husband, a good father, a good colleague, a good member of the community. He had no desire to be ostentatious, and he didnt hang out with just investment titans. The Bogles lost their home and were forced to move in with relatives. 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. 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.. He studied economics at Boston's Harvard University and in his final year of university considered following in his parents' footsteps and pursuing a career in medicine. He never failed to mention, in speech after speech and talk after talk, that money managers had failed miserably to earn their high fees, said Miller, the investment manager and longtime friend. The third result is Barbara Renninger age 30s in . In Honor of John Jack BOGLEThe MAN who opened financial markets for ordinary people. 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.. 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. 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. 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. It seems only a matter of time until index mutual funds cross the 50 percent mark. So intelligent investors will use low-cost index funds to build a diversified portfolio of stocks and bonds, and they will stay the course. Even a fund managers long-term record is not an accurate predictor of future performance, he said. Mr. Bogle is survived by his wife Eve, daughters Barbara Bogle Renninger (Scott), Jean . While index funds have become widely popular, Vanguards competitors often have been less than keen about following the companys penny-pinching lead. He followed that with Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor (1999); John Bogle on Investing: The First 50 Years (2000); Character Counts: The Creation and Building of The Vanguard Group (2002); Battle for the Soul of Capitalism (2005); The Little Book of Common Sense Investing (2007); Enough. In investing, you get what you dont pay for.. Mr. Bogle graduated from Blair Academy in Blairstown, N.J., and, in 1951, from Princeton; he was a scholarship student at both. His senior thesis on mutual funds had caught the eye of fellow Princeton alumnus Walter L. Morgan, who had founded Wellington Fund, the nation's oldest balanced fund, in 1929 and was one of the deans of the mutual fund industry. Check out their phone numbers, address, and other contact details here. 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. Former Vanguard CEO John Bogle believed in the power of low fees, starting to invest early, and dispensing with active money managers. Not to worry, Mr. Bogle said. Daughter: Barbara Josephine Bogle Renninger Daughter: Jean Sherrerd Bogle Son: John Clifton Bogle, Jr. The thesis earned Mr. Bogle a top grade, and he graduated magna cum laude. 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. Mr. Bogle was named president of Wellington in 1967, and soon thereafter it merged with the Boston investment company Thorndike, Doran, Paine & Lewis. 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. Most fund companies spend huge sums to attract new customers. 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 . Use (610) 649-0638 to contact Scott with caution. He remained a man without pretense and pomposity. Now one of the worlds largest investment-management companies, Vanguard vies with BlackRock and Fidelity Investments for the title of biggest mutual-fund group. daughters Barbara Bogle Renninger, Jean Bogle, Nancy Bogle St. John, and Sandra Bogle Marucci, and sons John C. Bogle Jr. and Andrew Armstrong Bogle. Bogle, then 76, had written his fifth book. 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. 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. Mr. Bogle had his first heart attack in 1960, when he was only 30, and his heart stopped numerous times thereafter. When typing in this field, a list of search results will appear and be automatically updated as you type. 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. He wore the same wool ties and suits forever, said son Andrew Armstrong Bogle. 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. 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. Press Clippings. At Blair and Princeton, Bogle endowed the Bogle Brothers Scholarships, which enabled scores of budding scholars to further their education. Malaysia: Moderation, not Racism and Religious Extremism, is in our DNA, Malaysia:The Problem of having a Prime Minister-in-Waiting. I cover all things Wall Street, personal finance and investing, people and their money. (610) 649-0638 is Barbara's phone number. He served his university on many occasions from leading the Class of 1951 at its 25th reunion to advising the Princeton University Investment Co.. Another institution that benefited tremendously from Mr. Bogles involvement was the Constitution Center, whose board he chaired from 1999 to 2007. Bogle with Ed Rendell (left) and President Bill Clinton (right) in Philadelphia about 20 years ago. Price: $3.60. He was very emotional, and teared up easily over things. 4 , Barbara Bogle Renninger, Jean Bogle, Nancy Bogle St. John Sandra Bogle Marucci, , John Jr. Andrew , 12 . The following month, Mr. Bogle underwent heart transplant surgery. He was fond of saying that so-and-so is all hat and no cattle. Jack was all cattle and not very much hat.. Mr. Bogle pioneered low-cost, low-fee investing that was ridiculed at first, but would enable millions of ordinary Americans to build wealth. 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. Select this result to view Barbara A Renninger's phone number, address, and more. In addition to squash, Mr. Bogle enjoyed tennis and golf, sailing, and summering at Lake Placid, N.Y. Even as he became more prominent, he did not change within the family. 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. 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. 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. Bogle was sought after in the corporate community. 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 . While Mr. Bogle may have been cheap in the transactions of daily life, he was remarkably generous in a grand way. 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. Price: $3.60. Mr. Bogle became the driving force behind Wellington's growth into a mutual fund family after he persuaded Mr. Morgan, in the late 1950s, to start an equity fund that would complement Wellington Fund. 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. While index funds have become widely popular, Vanguards competitors often have been less than keen about following the companys penny-pinching lead. As a subscriber, you have 10 gift articles to give each month. So he walked into this little office and pushed a chair over so its back was on the floor, Falloon recalls. erelman, 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. Becky Pritchard. Dennis Bogle phone number is here for you! 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. We hope you will join us! Mr. Bogle wasnt afraid to criticize his own index fund creation which he wrote may have grown too large. Make a life-giving gesture In January 2012, some of the nation's most respected financial leaders celebrated his career at the John C. Bogle Legacy Forum. We have 10 records for Barbara Renninger ranging in age from 34 years old to 88 years old. If Vanguard runs a tight ship, its a direct reflection of its founder. Im contributing to society. He told me the most important thing in a relationship is trust, and trust is based on honesty. VALLEY FORGE, Pa., Jan. 16, 2019 /PRNewswire/ -- Vanguard announces the passing of John Clifton Bogle, founder of The Vanguard Group, who died tod. Mr. Bogles philanthropy reflected his belief that to whom much is given, much is expected. Mr. Bogle produced a scholarly opus that proved to be a blueprint for his career. 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. 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. 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. 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.. Author and speakerMr. 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. He revered language, history, poetry, and classical wisdom, and frequently amazed and delighted people by reciting long passages of verse. John Bogle, founder of the Vanguard Group Inc., was chairman of the board of the National Constitution Center in 2006 when he stood beside one of his favorite signers, Alexander Hamilton, far left. AKA John Clifton Bogle. In 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. Vanguard is one of the world's largest investment management companies. 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. 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.. 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.. At first, Mr. Bogle floundered, and his low grades in economics, his major, almost cost him his scholarship. 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. 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.. At Blair and Princeton, Bogle endowed the Bogle Brothers Scholarships, which enabled scores of budding scholars to further their education. Mr. Bogle at the Vanguard campus in Malvern, Pa., in 2012. He was very emotional, and teared up easily over things.
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