barbara bogle renninger
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. 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. The essential message is, stop focusing on self and start thinking about service to others.. 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. Mr. Bogle. His zeal for his mission of helping investors get a fair shake was legendary. In 1996, surgeons at Hahnemann University Hospital replaced his faulty heart with a strong one, ending a 128-day wait in the hospital. 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. The following month, Mr. Bogle underwent heart transplant surgery. Mr. Bogle wasnt afraid to criticize his own index fund creation which he wrote may have grown too large. With his new pump, Mr. Bogle experienced an adolescent surge of vitality that left associates panting to keep up. Nevertheless, Mr. Bogle, to use a pet phrase, pressed on regardless. After retiring as Vanguards chairman and CEO in 1996 and its senior chairman in 2000, he became president of the Bogle Financial Markets Research Center, quartered in the Victory Building on the Vanguard campus. Mr. Bogle is survived by his wife Eve, daughters Barbara Bogle Renninger (Scott), Jean . Change we mustin our communications, our pricing structure, our product, and our promotional techniques. Enjoy a celebratory evening of cocktails and hors d'oeuvres, dinner, the presentation of the Gesu Spirit Medal to Peter G. Gould & Reverend Stephen D. Thorne, and inspiring stories, art, and performances from Gesu School students. 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 . If the jockey carries a lot of extra pounds, its very tough for the horse to win the race.. I wanted to send a message that our battle-hardened Vanguard Group would be victorious in the mutual fund wars, Bogle wrote in Enough, and that our vanguard would be, as the dictionary says, the leader in a new trend. . 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. 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. 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 grandchildren; and six great-grandchildren. He was 89. At Blair, Mr. Bogle chaired the board of trustees, chose the headmaster, and helped finance the construction of several buildings. So intelligent investors will use low-cost index funds to build a diversified portfolio of stocks and bonds, and they will stay the course. 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. Mortimer "Tim" Buckley, 48, was born in Boston, the child of a nurse and a surgeon. He was 89. Corporate board membershipsMr. 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. After he sent a copy to Walter Morgan, Class of 1920 and founder of the Wellington Fund, based in Philadelphia, Morgan hired Mr. Bogle. The thesis earned Mr. Bogle a top grade, and he graduated magna cum laude. 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. See Photos. 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. 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. When he was 37, his doctor advised him to retire. But he applied himself and slowly mastered the demands. He remained a man without pretense and pomposity. 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. At Blair and Princeton, Bogle endowed the Bogle Brothers Scholarships, which enabled scores of budding scholars to further their education. 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. In an op-ed for the Wall Street Journal in 2018, he warned that the concentration of ownership created by indexing firms presented a threat to the markets. He was the author of at least 10 books, mainly about investing all of which he proudly wrote himself. 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. It seems only a matter of time until index mutual funds cross the 50 percent mark. He was like a surrogate father to me, said former headmaster Chan Hardwick. For his pioneering of the index concept for individual investors, Mr. Bogle was often called the "father of indexing.". Price: $3.60. He told me the most important thing in a relationship is trust, and trust is based on honesty. 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. Despite the heavy demands on his time, Mr. Bogle put his family first. I established my roots there, finding even more unimaginable diamonds," he wrote in one of his books. When he did a book, he was so meticulous; hed rewrite and rewrite. Mr. Bogle was treated for arrythmogenic right ventricular dysplasia, a congenital heart defect, for more than 30 years, and had at least six heart attacks, the first in 1960. August 29, 2022. . He wore the same wool ties and suits forever, said son Andrew Armstrong Bogle. FUSE Research Network Award for Lifetime Impact and Commitment to Investors and Investment Management Consultants Association Richard J. Davis Ethics Award, 2010. He revered language, history, poetry, and classical wisdom, and frequently amazed and delighted people by reciting long passages of verse. But Mr. Bogle eschewed the product- and marketing-driven thinking of much of the industry that has spread with the boom in mutual fund sales this decade. He was like a surrogate father to me, said former headmaster Chan Hardwick. 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. 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. Author and speakerMr. Im writing what I want and saying what I want, and I think my name and reputation, for whatever thats worth, have been enhanced.. In 1967, Mr. Bogle led the merger of Wellington Management Company with the Boston investment firm Thorndike, Doran, Paine & Lewis (TDPL). Price: $3.60. 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 . Find your friends on Facebook. John C. Bogle: John C. Bogle hrek, John C. Bogle cikkek. The principal function of mutual funds is the management of their investment portfolios, Mr. Bogle wrote. No-Load Mutual Fund Association's first Outstanding Achievement Award, 1986. It was not about wealth, power, fame and other conventional notions of success, he concluded. 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. Rebecca now resides at 314 Hathaway La, Wynnewood, PA 19096-1905. Now known as Vanguard 500 Index Fund, it has grown to be one of the industry's largest, with more than $441 billion in assets (the sister fund, Vanguard Institutional Index Fund, has $221.5 billion in assets). The Bogles lost their home and were forced to move in with relatives. 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. In recent years it has been hard to argue with that. Born: 8-May-1929 Birthplace: Montclair, NJ Died: 16-Jan-2019 Location of death: Bryn Mawr, PA Cause of death: Cancer - Throat. He can be reached via e-mail christinarenninger@att.net. 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. Mr. Bogle outlived three pacemakers, and kept a gym bag with a squash racket by his desk. Mr. Bogles response was to switch doctors. 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. Another family rite revolved around the Fourth of July, a holiday that evoked Mr. Bogles strong sense of patriotism. Everything else is incidental. Future industry growth can be maximized by a reduction of sales loads and management fees.. At Blair, Mr. Bogle chaired the board of trustees, chose the headmaster, and helped finance the construction of several buildings. Mr. Bogle, known as Jack, was born. 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 was incapable of retirement. The investment world recently lost an investment legend and below is a tribute by Vanguard to their founder Jack Bogle. Eagle Bear Camp, LLC is the only company registered to this address. John Bogle was an investor, business magnate, and philanthropist best known as an originator and retired chief of The Vanguard Group. Lives in Hutchinson, Kansas . Said Stengel: I often felt compelled to leave an extra tip so the waitress wouldnt feel shortchanged.. 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 is the second financial titan from the region to die in the last three days. 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. He became much more connected to the family. From there, he went to Princeton, which offered him a full scholarship and a job waiting tables in the dining hall. In contrast to a management company, which in most cases controls the fund complex and provides all the investment, administrative and marketing services required in its operations, Vanguard is more like a mutual insurer, owned by investors in the funds, which employ their own officers and staff. Even as he became more prominent, he did not change within the family. 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. Mr. Bogle especially loved to write. Lived In Willingboro NJ. Bogle, who had struggled with a congenital heart defect and had several heart attacks, had received a heart transplant in 1996. Mr. Bogle pioneered low-cost, low-fee investing that was ridiculed at first, but would enable millions of ordinary Americans to build wealth. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, Vanguard Announces Share Splits for Six Equity ETFs, Vanguard to Streamline Fund Lineup with Planned Merger and Liquidation, Pennsylvania Society Gold Medal for Distinguished Achievement, 2016, EY Entrepreneur Of The Year Lifetime Achievement Award, 2016. This was a theme for Mr. Bogle and his successors: Vanguard is known today for maintaining investment costs among the lowest in the industry. Along the way, Mr. Bogle attracted his share of critics. When typing in this field, a list of search results will appear and be automatically updated as you type. 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. A man who believed in the value of introspection and who was always questioning his own motives and behavior, Mr. Bogle sought to define what it means to lead a good life. He was literally reborn, and he really appreciated the chance of having a second go at life.. Mr. Bogle became the driving force behind Wellington's growth into a mutual fund family after he persuaded Mr. Morgan, in the late 1950s, to start an equity fund that would complement Wellington Fund. Bogle was active in the investment industry. Even a fund managers long-term record is not an accurate predictor of future performance, he said. 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. 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. 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. Said Stengel: I often felt compelled to leave an extra tip so the waitress wouldnt feel shortchanged.. 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. Reflections on Investment Illusions, Capitalism, "Mutual" Funds, Indexing, Entrepreneurship, Idealism, and Heroes (2011); The Clash of the Cultures: Investment vs. When he had the heart transplant, it changed him dramatically. 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. Most recently, he published Stay the Course: The Story of Vanguard and the Index Revolution (Wiley, 2018). At first, Mr. Bogle floundered, and his low grades in economics, his major, almost cost him his scholarship. The world wont be the same without Jack. His civic work extended to organizations involved in education, leadership, and public affairs. 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). John Bogle was a business mogul, philanthropist, and investor. 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 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.. But Mr. Bogle became a harsh critic of the mutual fund industry in later years. 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. Mutual fund companies, he said, were all but immoral for accepting such fees. 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 very emotional, and teared up easily over things. His senior thesis on mutual funds had caught the eye of fellow Princeton alumnus Walter L. Morgan, who had founded Wellington Fund, the nation's oldest balanced fund, in 1929 and was one of the deans of the mutual fund industry. Along the way, Mr. Bogle attracted his share of critics. 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. Bogle, then 76, had written his fifth book. 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. You want to be average and then win by virtue of your costs, Mr. Bogle said. True Measures of Money, Business, and Life(2008); Common Sense on Mutual Funds: Fully Updated 10th Anniversary Edition (2009); Don't Count on It! He always went the extra mile to make sure there wasnt a single person who could not understand what he was saying.. His reputation as a tightwad was well earned. In investing, you get what you dont pay for. A private service will be held next week. Andrew has the phone number (610) 649-0638 (Verizon Pennsylvania, Inc). I cover all things Wall Street, personal finance and investing, people and their money. 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. Bogle worked in several departments before becoming assistant to the president in 1955, the first in a series of executive positions he would hold at Wellington: 1962, administrative vice president; 1965, executive vice president; and 1967, president. . To describe his new venture, Mr. Bogle coined the term "The Vanguard Experiment." Mr. Bogle had his first heart attack in 1960, when he was only 30, and his heart stopped numerous times thereafter. He cared enough about his clients to personally answer their letters; he cared enough about his employees to be on a first-name basis with thousands of them, and to pitch in at the phone banks when things got busy; and in the end, he cared enough about his country that he spent much of his last two decades away from home tirelessly crusading against an increasingly elephantine and dysfunctional financial system.. He served his university on many occasions from leading the Class of 1951 at its 25th reunion to advising the Princeton University Investment Co.. They had 12 . The Vanguard Experiment was designed to prove that mutual funds could operate independently, and do so in a manner that would directly benefit their shareholders. 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. Tim Buckley is the current chief executive. Becky Pritchard. 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. 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. But he applied himself and slowly mastered the demands. We could choose our own way of contributing, whether it be time or money or just our thoughts, but we knew that the default option is that you're going to give back.. 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. Vanguard is one of the world's largest investment management companies. 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. I wanted to send a message that our battle-hardened Vanguard Group would be victorious in the mutual fund wars, Bogle wrote in Enough, and that our vanguard would be, as the dictionary says, the leader in a new trend. . 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. 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. Vanguard managed its indexed mutual funds at cost, charging investors fees that were far lower than those of virtually all of its rivals. Bogle Eve Sherrerd 1956. He took chances on people because someone took a chance on him, said Stengel. I do not believe that such concentration would serve the national interest, he wrote. John Bogle, founder of the Vanguard Group Inc., was chairman of the board of the National Constitution Center in 2006 when he stood beside one of his favorite signers, Alexander Hamilton, far left. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. Mr. Bogle attended Blair Academy in northwestern New Jersey, where he blossomed academically. 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. 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 worked tirelessly toward that goal, and his message never changed with the investing climate. 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 . We know that Barbara Bogle, Andrew Renninger, and five other persons also lived at this address, perhaps within a different time frame. We have 13 records for Andrew Renninger ranging in age from 25 years old to 58 years old. 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. John Bogle, Vanguard chief inside the corporate office in Chesterbrook in 1989. 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. Those employees are responsible to the funds directors. A private service will be held next week. I do not believe that such concentration would serve the national interest, he wrote. If the jockey carries a lot of extra pounds, its very tough for the horse to win the race.. 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. 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. Nevertheless, Mr. Bogle, to use a pet phrase, pressed on regardless. After retiring as Vanguard's chairman and CEO in 1996 and its senior chairman in 2000, he became president of the Bogle Financial Markets Research Center, quartered in the Victory Building on the Vanguard campus. Mr. Bogle was incapable of retirement. If that were to happen, the Big Three might own 30 percent or more of the U.S. stock market effective control. 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. Barbara has been found in 8 states including Texas, Nebraska, Florida, South Carolina, Pennsylvania. 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. Mr. Bogle attended Blair Academy in northwestern New Jersey, where he blossomed academically. As a subscriber, you have 10 gift articles to give each month. In the last three years of the 1990s, Vanguard received more new money from investors than the next three largest fund companies combined. Mr. Bogle, known as Jack, was born May 8, 1929 in Montclair NJ with his twin brot . At Blair and Princeton, Bogle endowed the Bogle Brothers Scholarships, which enabled scores of budding scholars to further their education. He became much more connected to the family. He was also a fellow of the American Philosophical Society and the American Academy of Arts and Sciences. He remained a man without pretense and pomposity. 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