He had no desire to be ostentatious, and he didnt hang out with just investment titans. 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. If Vanguard runs a tight ship, its a direct reflection of its founder. 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 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.. 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 seems only a matter of time until index mutual funds cross the 50 percent mark. When he had the heart transplant, it changed him dramatically. We have 10 records for Barbara Renninger ranging in age from 34 years old to 88 years old. Andrew Renninger, Barbara B Renninger, and five other persons spent some time in this place. 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. Bogle was active in the investment industry. 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. 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 addition to squash, Mr. Bogle enjoyed tennis and golf, sailing, and summering at Lake Placid, N.Y. He worked tirelessly toward that goal, and his message never changed with the investing climate. In 1996, surgeons at Hahnemann University Hospital replaced his faulty heart with a strong one, ending a 128-day wait in the hospital. Liquidity Factor ETF will be liquidated in late November. 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. Mr. Bogle outlived three pacemakers, and kept a gym bag with a squash racket by his desk. Bogle, then 76, had written his fifth book. Jan 16, 2019 jcbadmin. 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 I do not believe that such concentration would serve the national interest, he wrote. Academic recognitionThe academic community recognized Mr. Bogle's for his accomplishments. Malaysia: Moderation, not Racism and Religious Extremism, is in our DNA, Malaysia:The Problem of having a Prime Minister-in-Waiting. Resides in Uniontown, PA. Required fields are marked *. Mr. Bogle attended Blair Academy in northwestern New Jersey, where he blossomed academically. Vanguard CEO Tim Buckley. Along the way, Mr. Bogle attracted his share of critics. Mr. Bogle characterized his pugnacious relationship with the financial industry as a lovers quarrel. His mission, he said, was simple: to return capitalism, finance, and fund management to their roots in stewardship. We are honored to continue his legacy of giving every investor 'a fair shake.'". Im contributing to society. He was the author of at least 10 books, mainly about investing all of which he proudly wrote himself. 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 . 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. The second best result is Barbara A Renninger age 70s in Lewistown, PA. The firm, headquartered in Valley Forge, Pennsylvania, offers more than 413 funds to its more than 20 million investors worldwide. Mr. Bogle married Eve Sherrerd in 1956. Most observers expect that the share of corporate ownership by index funds will continue to grow over the next decade. Mr. Bogle at the Vanguard campus in Malvern, Pa., in 2012. Corporate board membershipsMr. Everything else pales by comparison. A quick search turned up multiple names. Barbara Bogle, Barbara B Renninger, and five other persons are also associated with this address. He remained a man without pretense and pomposity. Andrew 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. Children and grandchildren gathered at the family camp on Lake Placid. The investment world recently lost an investment legend and below is a tribute by Vanguard to their founder Jack Bogle. Center for Corporate Excellence Exemplary Leader Award, 2006. His greatest accomplishment, Mr. Bogle often said, was putting the mutual back in mutual funds. His most important innovation was the index fund. Vanguard founder John Jack Bogle signed copies of his book at the 2017 Bogleheads conference, Desmond Hotel, Philadelphia. Mr. Morgan hired the ambitious 22-year-old for his Philadelphia-based investment management firm, Wellington Management Company. He was 89. If youre honest with me, Ill support you fully. . He was like a surrogate father to me, said former headmaster Chan Hardwick. So he walked into this little office and pushed a chair over so its back was on the floor, Falloon recalls. His zeal for his mission of helping investors get a fair shake was legendary. Mr. Bogle is the second financial titan from the region to die in the last three days. Bogle with Ed Rendell (left) and President Bill Clinton (right) in Philadelphia about 20 years ago. "I loved Philadelphia, my adopted city that had been so good to me. 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. If Vanguard runs a tight ship, its a direct reflection of its founder. 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 made people aware of expenses, and told them that costs come right out of the bottom line.. 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 . Im writing what I want and saying what I want, and I think my name and reputation, for whatever thats worth, have been enhanced.. When he did a book, he was so meticulous; hed rewrite and rewrite. 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 . Mr. Bogles response was to switch doctors. 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. He was fond of saying that so-and-so is all hat and no cattle. Jack was all cattle and not very much hat.. He was fond of saying that so-and-so is all hat and no cattle. Jack was all cattle and not very much hat.. Rebecca now resides at 314 Hathaway La, Wynnewood, PA 19096-1905. 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. Eagle Bear Camp, LLC is the only company registered to this address. Two of his children followed his example of service in an obvious way. More than a successful businessman, Mr. Bogle was a capitalist with a soul. 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.. For six go-go years, the partnership flourished, but when stock prices plunged in 1974, Mr. Bogle was fired. California residents do not sell my data request. 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. 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. 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. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. The thesis earned Mr. Bogle a top grade, and he graduated magna cum laude. 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.. 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. Check out their phone numbers, address, and other contact details here. | Pulse Nigeria AKA John Clifton Bogle. Those employees are responsible to the funds directors. Did you mean: barbara bogle. Like Perelman, Mr. Bogle carved a remarkable path. Mr. Bogle, a resident of Bryn Mawr, PA, began his career in 1951 after graduating magna cum laude in economics from Princeton University. John Bogle has changed a basic industry in the optimal direction, Paul A. Samuelson, the 1970 Nobel laureate in economics, wrote in a foreword to Bogle on Mutual Funds (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. Bogle wrote 12 books, selling over 1.1 million copies worldwide. Becky Pritchard. . 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. Vanguard. Speculation (2012); The Little Book of Common Sense Investing: 10th Anniversary Edition (2017), and, Stay the Course: The Story of Vanguard and the Index Revolution (2018). In investing, you get what you dont pay for. Below is the press release issued today by Vanguard, which we reprint in full. Daughter: Nancy Moore St. John Daughter: Sandra Hipkins Bogle Marucci Mortimer "Tim" Buckley, 48, was born in Boston, the child of a nurse and a surgeon. 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 often described as a "fierce competitor" on the court and course, a demeanor he also maintained on the job. He was a true American hero.. I dont know any other story like it in American business history.. John C Bogle, who founded the Vanguard Group of Investment Cos in 1974 and built it into a giant mutual fund company, with $4.9 trillion in assets under management today, died Wednesday in Bryn . 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. 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. He was very emotional, and teared up easily over things. 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 Mr. Bogles father, an improvident charmer, was ill-equipped to cope. 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. He was 89. Sign Up. 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.. After he sent a copy to Walter Morgan, Class of 1920 and founder of the Wellington Fund, based in Philadelphia, Morgan hired Mr. Bogle. Mr. Morgan had read Mr. Bogles senior thesis on mutual funds. 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. 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. When traveling, Mr. Bogle usually took the train or flew coach. 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. Were never allowed to use the word product, he told an interviewer in 1995. 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. 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