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. Those employees are responsible to the funds directors. 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 . 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 was named president of Wellington in 1967, and soon thereafter it merged with the Boston investment company Thorndike, Doran, Paine & Lewis. 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. 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 recently, he published Stay the Course: The Story of Vanguard and the Index Revolution (Wiley, 2018). John Bogle, Vanguard chief inside the corporate office in Chesterbrook in 1989. Another institution that benefited tremendously from Mr. Bogles involvement was the Constitution Center, whose board he chaired from 1999 to 2007. 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. He told me the most important thing in a relationship is trust, and trust is based on honesty. 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 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. If he had an early-morning meeting in New York, he would take the early Amtrak Metroliner shuttle rather than pay for a hotel room in Manhattan. 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.. I do not believe that such concentration would serve the national interest, he wrote. Residents of 19096 pay approximately $1,780 a month for a 2-bedroom unit. They had six children: daughters Barbara Bogle Renninger, Jean Bogle, Nancy Bogle St. John, and Sandra Bogle Marucci, and sons John C . But the Great Depression eventually erased the family fortune. His twin brother David died in 1995. 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. 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. Open to all tips: earvedlund@inquirer.com. Fixed Income Analysts Society' Hall of Fame, 1999. Eagle Bear Camp, LLC is the only company registered to this address. Mr. Bogle was a best-selling author, beginning with Bogle on Mutual Funds: New Perspectives for the Intelligent Investor in 1993. . While Mr. Bogle was facile with numbers, he was much less interested in counting than in what counts, and his intellectual range was broad. Mr. Bogles father, an improvident charmer, was ill-equipped to cope. John Clifton Bogle, founder of The Vanguard Group, died on January 16, 2018 in Bryn Mawr, Pennsylvania. 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. 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 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. Im doing what I want to do. Despite the heavy demands on his time, Mr. Bogle put his family first. Your email address will not be published. He kept his wits sharp by daily attacking the New York Times crossword puzzle, which he was known to complete in less than 20 minutes. 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. 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. TOP 24 RA; TZSDEI HREK; GAZDASGI HREK . Jan 16, 2019 jcbadmin. The life size statue of John Bogle, the founder of the Vanguard Group, is shown Oct. 20, 2005, at the headquarters in Malvern, Pennsylvania. Log in or sign up for Facebook to connect with friends, family and people you know. 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.. Reflections on Investment Illusions, Capitalism, "Mutual" Funds, Indexing, Entrepreneurship, Idealism, and Heroes (2011); The Clash of the Cultures: Investment vs. John Bogle was a business mogul, philanthropist, and investor. Vanguard. When he was 37, his doctor advised him to retire. 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. Mr. Bogle at the Vanguard campus in Malvern, Pa., in 2012. Industry accomplishmentsMr. He was 89. 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 basically chose to forgo an enormous fortune to do something right for millions of people. 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. Thank you to our Gala Co-Chairs Gretchen & Gordon Cooney and Anne & David Hilton, as well as the 2016 Gesu Gala Committee for their . 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. While index funds have become widely popular, Vanguards competitors often have been less than keen about following the companys penny-pinching lead. 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. 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. He genuinely liked talking to people and hearing their stories.. 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. He was also a fellow of the American Philosophical Society and the American Academy of Arts and Sciences. 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. Weary from the train trip, Mr. Bogle asked where he could catnap. 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. We've listed 14 related ones in 8 states. Our challenge at the time was to build, out of the ashes of a major corporate conflict, a new and better way of running a mutual fund complex, Mr. Bogle said in 1985. 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. He is surveived by his wife Eve, ne Sherrerd; their six children, daughters Barbara Bogle Renninger, Jean Bogle . Barbara has been found in 8 states including Texas, Nebraska, Florida, South Carolina, Pennsylvania. 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. John Bogle has changed a basic industry in the optimal direction, the Nobel laureate Paul A. Samuelson wrote in a foreword to Mr. Bogles book Bogle on Mutual Funds, published in 1993. He remained a man without pretense and pomposity. 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. He always went the extra mile to make sure there wasnt a single person who could not understand what he was saying.. "We must hold ourselves to higher standards, standards of trust and fiduciary duty. John Clifton Bogle early realized the value of a penny. Vanguards consistent growth produced riches for Mr. Bogle, but not to the extent that another ownership structure might have done. Im doing what I want to do. 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. View contact information: phones, addresses, emails and networks. You want to be average and then win by virtue of your costs, Mr. Bogle said. He was like a surrogate father to me, said former headmaster Chan Hardwick. When traveling, Mr. Bogle usually took the train or flew coach. 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 married Eve Sherrerd in 1956. I established my roots there, finding even more unimaginable diamonds," he wrote in one of his books. Yes (Sandra Bogle Marucci, Jean Bogle, Nancy Moore Bogle, Andrew Armstrong Bogle, Barbara Bogle Renninger, John Bogle Jr.) Profession: Investor, business magnate, and philanthropist: Net Worth in 2022: $85 million: The Vanguard Group's founder and former CEO, John Bogle was a successful investor, entrepreneur, and philanthropist. When traveling, Mr. Bogle usually took the train or flew coach. Security analysis and portfolio management - Read online for free. Daughter: Nancy Moore St. John Daughter: Sandra Hipkins Bogle Marucci Weary from the train trip, Mr. Bogle asked where he could catnap. In addition to squash, Mr. Bogle enjoyed tennis and golf, sailing, and summering at Lake Placid, N.Y. The principal function of mutual funds is the management of their investment portfolios, Mr. Bogle wrote. He reunited with his doctors years later. 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 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 a trustee for the American Indian College Fund and The American College. In 1996, surgeons at Hahnemann University Hospital replaced his faulty heart with a strong one, ending a 128-day wait in the hospital. Mr. Bogles philanthropy reflected his belief that to whom much is given, much is expected. If that were to happen, the Big Three might own 30 percent or more of the U.S. stock market effective control. His zeal for his mission of helping investors get a fair shake was legendary. He worked his way through Blair Academy and Princeton University as a waiter and also managed Princeton's athletic ticket office. 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. Andrew Rebecca now resides at 314 Hathaway La, Wynnewood, PA 19096-1905. The company eliminated sales charges and became a pure no-load mutual fund complexa move that would save shareholders hundreds of millions of dollars in sales commissions. Quoting: Anonymous Coward 37135144. When he was 37, his doctor advised him to retire. 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.. . He served his university on many occasions from leading the Class of 1951 at its 25th reunion to advising the Princeton University Investment Co.. 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. For example, Edward C. Johnson III, the chairman of Fidelity Investments, has a net worth of $7.4 billion, according to Forbes. Vanguard veterans say that Mr. Bogle and Mr. Brennan barely spoke, if at all, in the years afterward. He was the author of at least 10 books, mainly about investing all of which he proudly wrote himself. 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. 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. Just find me a room. It was that combative nature that had led him to start Vanguard in the first place. Also known as Barbara J Renninger, Barb Rush. 3. Two years later, Mr. Bogle founded the First Index Investment Trust, later called the Vanguard Index Trust, now known as the Vanguard 500 Index Fund, the first index fund for individual investors. In 2010, Forbes magazine described him as the person who "has done more good for investors than any other financier of the past century." Mr. Bogle is survived by his wife Eve, daughters Barbara Bogle Renninger (Scott), Jean Bogle, Nancy Bogle St John (Gordon), and Sandra Bogle Marucci (Buddy), sons John Clifton Bogle Jr . document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. 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. Anyone can read what you share. FUSE Research Network Award for Lifetime Impact and Commitment to Investors and Investment Management Consultants Association Richard J. Davis Ethics Award, 2010. They had 12 grandchildren and six great-grandchildren. Another family rite revolved around the Fourth of July, a holiday that evoked Mr. Bogles strong sense of patriotism. At Blair, Mr. Bogle chaired the board of trustees, chose the headmaster, and helped finance the construction of several buildings. Until his death. After he sent a copy to Walter Morgan, Class of 1920 and founder of the Wellington Fund, based in Philadelphia, Morgan hired Mr. Bogle. 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. Barbara Renninger Found 22 people in Pennsylvania, Florida and 18 other states. 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. Im contributing to society. 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. It was that combative nature that had led him to retire Bogle on Mutual funds: New for. 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