Raymond G. Perelman, 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. Vanguard announces the passing of John Clifton Bogle, founder of The Vanguard Group, who died today in Bryn Mawr, Pennsylvania. John C. Bogle (1929- ) founded the mutual fund company Vanguard and is a leader in the mutual fund industry. Din Merican, Your email address will not be published. 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. 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. 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. Another family rite revolved around the Fourth of July, a holiday that evoked Mr. Bogles strong sense of patriotism. He was a social critic, civic leader, mentor, and philanthropist whose generosity to the institutions that shaped his character, notably Blair Academy and Princeton University, far outstripped his legendary frugality. A quick search turned up multiple names. Daughter: Barbara Josephine Bogle Renninger Daughter: Jean Sherrerd Bogle Son: John Clifton Bogle, Jr. 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. After he sent a copy to Walter Morgan, Class of 1920 and founder of the Wellington Fund, based in Philadelphia, Morgan hired Mr. Bogle. To describe his new venture, Mr. Bogle coined the term "The Vanguard Experiment." Rebecca now resides at 314 Hathaway La, Wynnewood, PA 19096-1905. He had no desire to be ostentatious, and he didnt hang out with just investment titans. Mr. Bogle, known as Jack, was born May 8, 1929 in Montclair NJ with his twin brot . Mr. Bogle also wrote numerous articles and commentaries for trade and business publications. After his heart transplant in 1996, he returned to good enough health that he was able to play squash daily. When typing in this field, a list of search results will appear and be automatically updated as you type. John Clifton Bogle of Bryn Mawr PA died at home on January 16, 2019, surrounded by his family. 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.. 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. 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. He is surveived by his wife Eve, ne Sherrerd; their six children, daughters Barbara Bogle Renninger, Jean Bogle . 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. 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. Related To Samantha Rush, Raymond Rush, Brrush Rush. Jan 16, 2019 jcbadmin. In 1967, Mr. Bogle led the merger of Wellington Management Company with the Boston investment firm Thorndike, Doran, Paine & Lewis (TDPL). 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 kept his wits sharp by daily attacking the New York Times crossword puzzle, which he was known to complete in less than 20 minutes. 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. stock market research 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. 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. John Bogle married Eve Sherrerd in 1956. Liquidity Factor ETF will be liquidated in late November. There's one phone number . Mr. Bogle produced a scholarly opus that proved to be a blueprint for his career. Im writing what I want and saying what I want, and I think my name and reputation, for whatever thats worth, have been enhanced.. The principal function of mutual funds is the management of their investment portfolios, Mr. Bogle wrote. Reading was among his pleasures, as was The New York Times crossword puzzle, which he often completed in less than 20 minutes. He made people aware of expenses, and told them that costs come right out of the bottom line.. Trumps America First philosophy has created a less stable world, Malaysias Greatest Crisis: Loss of National Pride and Unity, RCEP-Regional Comprehensive Economic Partnership, Techo Sen School of Government and International Relations. 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. He took chances on people because someone took a chance on him, said Stengel. 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. 22:26. 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 . 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. We've listed 14 related ones in 8 states. If the jockey carries a lot of extra pounds, its very tough for the horse to win the race.. 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. Security analysis and portfolio management - Read online for free. Everything else pales by comparison. Mr. Bogle. AKA John Clifton Bogle. 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 was literally reborn, and he really appreciated the chance of having a second go at life.. Mr. Bogle in an undated photo. But the Great Depression eventually erased the family fortune. His commitment to safeguarding investors' interests often prompted him to speak out against practices that were common among his peers in other mutual fund organizations. Mr. Morgan had read Mr. Bogles senior thesis on mutual funds. Mr. Bogle, who had struggled with a congenital heart defect and had several heart attacks, received a heart transplant in 1996. 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. 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. In addition to squash, Mr. Bogle enjoyed tennis and golf, sailing, and summering at Lake Placid, N.Y. And they wont be foolish enough to think that they can consistently outsmart the market.. He had no desire to be ostentatious, and he didnt hang out with just investment titans. 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.. Use (610) 649-0638 to contact Scott with caution. 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. 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. 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. Costs matter. 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. /CNW/ - Vanguard announces the passing of John Clifton Bogle, founder of The Vanguard Group, who died today in Bryn Mawr, Pennsylvania. For six go-go years, the partnership flourished, but when stock prices plunged in 1974, Mr. Bogle was fired. They had 12 . Bogle wrote 12 books, selling over 1.1 million copies worldwide. Not to worry, Mr. Bogle said. He was 89 years old. He worked tirelessly toward that goal, and his message never changed with the investing climate. He reunited with his doctors years later. Barbara Bogle is a resident of PA. Lookup the home address and phone 6106490638 and other contact details for this person. This was our time to talk to each other and find out what was going on in each others lives, Andrew Bogle recalled. 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. 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. Vanguard veterans say that Mr. Bogle and Mr. Brennan barely spoke, if at all, in the years afterward. TCB "Taking Care of Business" at Color By Design, Inc. daughters Barbara Bogle Renninger, Jean Bogle, Nancy Bogle St. John, and Sandra Bogle Marucci, and sons John C. Bogle Jr. and Andrew Armstrong Bogle. Most recently, he published Stay the Course: The Story of Vanguard and the Index Revolution (Wiley, 2018). 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. If the jockey carries a lot of extra pounds, its very tough for the horse to win the race.. Vanguard, the company he founded to embody his philosophy, is now one of the largest investment management firms in the world. Mr. Bogle is survived by his wife, and his children: Andrew Armstrong Bogle, Barbara Bogle Renninger, Jeanne Bogle England, Nancy Bogle St. John, Sandra Hipkins Bogle and John C. Bogle Jr. Along the way, Mr. Bogle attracted his share of critics. He always went the extra mile to make sure there wasnt a single person who could not understand what he was saying.. Andrew He revered language, history, poetry, and classical wisdom, and frequently amazed and delighted people by reciting long passages of verse. Change we mustin our communications, our pricing structure, our product, and our promotional techniques. Mr. Bogle married Eve Sherrerd in 1956. Bogle Eve Sherrerd 1956. 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.. Jessica Kourkounis for The New York Times. 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. In January 2012, some of the nation's most respected financial leaders celebrated his career at the John C. Bogle Legacy Forum. There is a chance that the phone number (610) 649-0638 is shared by Barbara Bogle, Scott D Renninger, David B Renninger, Barbara B Renninger, Christina Renninger, Rebecca M . 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. Mr. Bogles children recalled growing up in a drafty house in Haverford where the thermostat was set low in winter and they piled into their parents bedroom on steamy summer nights because it was the only spot with an air conditioner. His twin brother David died in 1995. 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. "We must hold ourselves to higher standards, standards of trust and fiduciary duty. But Mr. Bogle became a harsh critic of the mutual fund industry in later years. His civic work extended to organizations involved in education, leadership, and public affairs. But the Great Depression eventually erased the family fortune. Resides in Uniontown, PA. The second best result is Barbara A Renninger age 70s in Lewistown, PA. 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.. 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. Im contributing to society. We have 13 records for Andrew Renninger ranging in age from 25 years old to 58 years old. True Measures of Money, Business, and Life(2008); Common Sense on Mutual Funds: Fully Updated 10th Anniversary Edition (2009); Don't Count on It! 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. He was a true American hero.. Weary from the train trip, Mr. Bogle asked where he could catnap. 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. 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.. Open to all tips: earvedlund@inquirer.com. 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. Despite the heavy demands on his time, Mr. Bogle put his family first. 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. Bogle, then 76, had written his fifth book. I do not believe that such concentration would serve the national interest, he wrote. 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. 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. Was able to play squash daily standards of trust and fiduciary duty that Mr. Bogle, who had with! 14 related ones in 8 states 13 records for Andrew Renninger ranging in from... Tough for the horse to win the race puzzle, which he completed... 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