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. 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 made people aware of expenses, and told them that costs come right out of the bottom line.. Much of his own altruism stems from the fact that he was a scholarship kid., It will surprise no one who knew Jack that he directed his support to financial aid and promoting community service, said former Princeton president Shirley Tilghman. from 8 AM - 9 PM ET. Everything else pales by comparison. AKA John Clifton Bogle. When he did a book, he was so meticulous; hed rewrite and rewrite. For his pioneering of the index concept for individual investors, Mr. Bogle was often called the "father of indexing.". Tim Buckley is the current chief executive. Jack Bogle. Thank you to our Gala Co-Chairs Gretchen & Gordon Cooney and Anne & David Hilton, as well as the 2016 Gesu Gala Committee for their . Change we mustin our communications, our pricing structure, our product, and our promotional techniques. In Honor of John Jack BOGLEThe MAN who opened financial markets for ordinary people. Bogle with Ed Rendell (left) and President Bill Clinton (right) in Philadelphia about 20 years ago. You want to be average and then win by virtue of your costs, Mr. Bogle said. 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. It costs $1,780 per month to rent two bedrooms in the zip code 19096, according to HUD's Office of Policy Development and . We have 13 records for Andrew Renninger ranging in age from 25 years old to 58 years old. He was a member of the American Philosophical Society, American Academy of Arts and Sciences, The Conference Board's Commission on Public Trust and Private Enterprise, and the investment committee of the Phi Beta Kappa Society. Dianne Barb Bogle (Dianne Barb Bogle) See Photos. John Clifton "Jack" Bogle (May 8, 1929 - January 16, 2019) was an American investor, business magnate, and philanthropist.He was the founder and chief executive of The Vanguard Group, and is credited with creating the index fund.An avid investor and money manager himself, he preached investment over speculation, long-term patience over short-term action, and reducing broker fees as much as . He said of the economy: The disparity in income is deeply regrettable. His twin brother David died in 1995. 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. They had 12 grandchildren and six great . Mr. Bogles father, an improvident charmer, was ill-equipped to cope. 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. Press Clippings. In early 1965, when Mr. Bogle was only 35, Morgan anointed him his successor. Most recently, he published Stay the Course: The Story of Vanguard and the Index Revolution (Wiley, 2018). John C. Bogle (1929- ) founded the mutual fund company Vanguard and is a leader in the mutual fund industry. Barbara Bogle, Barbara B Renninger, and five other persons are also associated with this address. John Clifton Bogle was born in Montclair, N.J., on May 8, 1929. 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 Bogle, Vanguard chief inside the corporate office in Chesterbrook in 1989. At breakfast with a reporter in 1993, at a suburban Philadelphia restaurant near Vanguards headquarters, Mr. Bogle figured out that he would beat the $5.95 cost of the buffet by ordering from the menu. 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. Vanguard veterans say that Mr. Bogle and Mr. Brennan barely spoke, if at all, in the years afterward. Mr. Bogles philanthropy reflected his belief that to whom much is given, much is expected. He became much more connected to the family. 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.. Becky Pritchard. 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. Reflections on Investment Illusions, Capitalism, "Mutual" Funds, Indexing, Entrepreneurship, Idealism, and Heroes (2011); The Clash of the Cultures: Investment vs. Children and grandchildren gathered at the family camp on Lake Placid. He was very emotional, and teared up easily over things. Security analysis and portfolio management - Read online for free. The Bogles lost their home and were forced to move in with relatives. "He was a tremendously intelligent, driven, and talented visionary whose ideas completely changed the way we invest. 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. 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. But Mr. Bogle became a harsh critic of the mutual fund industry in later years. 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.. He was 89 years old. 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. 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 January 2012, some of the nation's most respected financial leaders celebrated his career at the John C. Bogle Legacy Forum. After he hired me, he said, Youre going to make mistakes. 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. This was our time to talk to each other and find out what was going on in each others lives, Andrew Bogle recalled. As of December 31, 2018, Vanguard managed $4.9 trillion in global assets. His reputation as a tightwad was well earned. 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 accumulation of material goods is a waste you cant take them with you, anyway and the waste is typified by our financial system. Fixed Income Analysts Society' Hall of Fame, 1999. "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. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. Mr. Bogle in an undated photo. His twin brother David died in 1995. People named Barbra Bogle. He was fond of saying that so-and-so is all hat and no cattle. Jack was all cattle and not very much hat.. Vanguard announced his death. 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. He reunited with his doctors years later. cakap ( Talk), cakap( Talk) : As a blogger, I have failed. I do not believe that such concentration would serve the national interest, he wrote. 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. 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. 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. 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. Jack operated at only two speeds, as fast as is humanly possible and stop, said Paul Miller, the late private investor and founding partner of Miller Anderson & Sherrerd, who was a close friend of Mr. Bogles for decades. Mr. Morgan had read Mr. Bogles senior thesis on mutual funds. 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. Bogle was active in the investment industry. 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. At first, Mr. Bogle floundered, and his low grades in economics, his major, almost cost him his scholarship. Andrew Renninger, Barbara B Renninger, and five other persons spent some time in this place. Required fields are marked *. 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. He wore the same wool ties and suits forever, said son Andrew Armstrong Bogle. Use (610) 649-0638 to contact Scott with caution. In Memoriam - John C Bogle. At Blair and Princeton, Bogle endowed the Bogle Brothers Scholarships, which enabled scores of budding scholars to further their education. John Clifton Bogle, founder of The Vanguard Group, died on January 16, 2018 in Bryn Mawr, Pennsylvania. 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. 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 remained a man without pretense and pomposity. He also responded personally to many of the letters written to him by Vanguard shareholders, and he wrote many reports, sometimes as long as 25 pages, to Vanguard employeeswhom he called "crew members" in light of Vanguard's nautical theme. John C. Bogle in 2017. 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. 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. 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. 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. 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. Andrew He worked his way through Blair Academy and Princeton University as a waiter and also managed Princeton's athletic ticket office. 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. But he applied himself and slowly mastered the demands. Former Vanguard CEO John Bogle believed in the power of low fees, starting to invest early, and dispensing with active money managers. 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. 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. A June wedding is planned. View David Renninger results including current phone number, address, relatives, background check report, and property record with Whitepages. Most observers expect that the share of corporate ownership by index funds will continue to grow over the next decade. . For example, Edward C. 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