A private service will be held next week. If the jockey carries a lot of extra pounds, its very tough for the horse to win the race.. When he was 37, his doctor advised him to retire. 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. 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 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. 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. Mr. Bogle in an undated photo. 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 . During our . 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. No-Load Mutual Fund Association's first Outstanding Achievement Award, 1986. It was that combative nature that had led him to start Vanguard in the first place. Mr. Bogle had his first heart attack in 1960, when he was only 30, and his heart stopped numerous times thereafter. Two of his children followed his example of service in an obvious way. He served as a director of Instinet Corporation, Chris-Craft Industries, Mead Corporation, The General Accident Group of Insurance Companies, Meritor Financial Group, Inc., and Bryn Mawr Hospital. Mr. Bogle, who had struggled with a congenital heart defect and had several heart attacks, received a heart transplant in 1996. We've listed 14 related ones in 8 states. Most fund companies spend huge sums to attract new customers. 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. A twin brother, David, died in 1994. Vanguard veterans say that Mr. Bogle and Mr. Brennan barely spoke, if at all, in the years afterward. Whatever moral standards I may have developed over my long life, I have tried to invest my own soul and spirit in the character of the little firm that I founded all those years ago, he wrote in his 2008 book, Enough: True Measures of Money, Business, and Life. 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. So intelligent investors will use low-cost index funds to build a diversified portfolio of stocks and bonds, and they will stay the course. John Clifton Bogle early realized the value of a penny. Andrew Renninger, Barbara B Renninger, and five other persons spent some time in this place. "We are more than a mere industry," he insisted in a 1987 speech before the National Investment Company Services Association. At Blair, Mr. Bogle chaired the board of trustees, chose the headmaster, and helped finance the construction of several buildings. He wore the same wool ties and suits forever, said son Andrew Armstrong Bogle. Mr. Bogles philanthropy reflected his belief that to whom much is given, much is expected. California residents do not sell my data request. 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. /CNW/ - Vanguard announces the passing of John Clifton Bogle, founder of The Vanguard Group, who died today in Bryn Mawr, Pennsylvania. | Pulse Nigeria 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. Mr. Bogle is survived by his wife, and his children: Andrew Armstrong Bogle, Barbara Bogle Renninger, Jean Bogle, Nancy Bogle St. John, Sandra Hipkins Bogle and John C. Bogle Jr. (Sandra Bogle Marucci, Jean Bogle, Nancy Moore Bogle, Andrew Armstrong Bogle, Barbara Bogle Renninger, John Bogle Jr.) Profession: Investor, business magnate, and philanthropist: Net . 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.. In Memoriam - John C Bogle. Mr. Bogle was a best-selling author, beginning with Bogle on Mutual Funds: New Perspectives for the Intelligent Investor in 1993. . But the Great Depression eventually erased the family fortune. He told me the most important thing in a relationship is trust, and trust is based on honesty. He said of the economy: The disparity in income is deeply regrettable. Today, index funds account for more than 70% of Vanguard's $4.9 trillion in assets under management; they are offered by many other fund companies as well and they make up most exchange-traded funds (ETFs). . Cost is a handicap on the horse. When his children were growing up, he was almost always home for dinner. Everything else is incidental. He married Eve Sherrerd in 1956. He built the Vanguard Group on the belief that over the long term, most investment managers cannot outperform the broad market averages. Its about being a good husband, a good father, a good colleague, a good member of the community. He became much more connected to the family. John C. Bogle, then chairman and president, Wellington Fund in 1974. Jessica Kourkounis for The New York Times. He genuinely liked talking to people and hearing their stories.. Not to worry, Mr. Bogle said. In investing, you get what you dont pay for.. While index funds have become widely popular, Vanguards competitors often have been less than keen about following the companys penny-pinching lead. He served as the first chairman of the board of trustees and chairman emeritus for the National Constitution Center. Mr. Bogle produced a scholarly opus that proved to be a blueprint for his career. Another family rite revolved around the Fourth of July, a holiday that evoked Mr. Bogles strong sense of patriotism. 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. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. His grandfather, a prosperous merchant, founded a company that became part of the American Can Co., and Mr. Bogles early years in Montclair, N.J., were affluent. Said Stengel: I often felt compelled to leave an extra tip so the waitress wouldnt feel shortchanged.. 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. Despite the heavy demands on his time, Mr. Bogle put his family first. Most observers expect that the share of corporate ownership by index funds will continue to grow over the next decade. Select this result to view Barbara A Renninger's phone number, address, and more. At Blair, Mr. Bogle chaired the board of trustees, chose the headmaster, and helped finance the construction of several buildings. We have 13 records for Andrew Renninger ranging in age from 25 years old to 58 years old. He had no desire to be ostentatious, and he didnt hang out with just investment titans. My dad may have seemed like a hard-charging businessman, but underneath there was real emotion and care and concern and empathy, said daughter Barbara. He was 89. . 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.. 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 thesis earned Mr. Bogle a top grade, and he graduated magna cum laude. 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. Award for Professional Excellence from the Association for Investment Management and Research, 1998. 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. 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. Mr. Bogle wrote 12 books, selling over 1.1 million copies worldwide. He served his university on many occasions from leading the Class of 1951 at its 25th reunion to advising the Princeton University Investment Co.. He basically chose to forgo an enormous fortune to do something right for millions of people. Bogle with Ed Rendell (left) and President Bill Clinton (right) in Philadelphia about 20 years ago. 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. More than a successful businessman, Mr. Bogle was a capitalist with a soul. Vanguards consistent growth produced riches for Mr. Bogle, but not to the extent that another ownership structure might have done. They have also lived in Mc Veytown, PA Barbara is related to Trudy Kay Renninger and Russel H Renninger as well as 3 additional people. Corporate board membershipsMr. With his new pump, Mr. Bogle experienced an adolescent surge of vitality that left associates panting to keep up. Brother, David, died in 1994 he graduated magna cum laude, you what! 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