Among his numerous other awards and honors were: An avid booster of Philadelphia and the surrounding area, Mr. Bogle was active in civic affairs. True Measures of Money, Business, and Life (2008); Common Sense on Mutual Funds: Fully Updated 10th Anniversary Edition (2009); Don't Count on It! At breakfast with a reporter in 1993, at a suburban Philadelphia restaurant near Vanguard’s headquarters, Mr. Bogle figured out that he would beat the $5.95 cost of the buffet by ordering from the menu. Most fund companies spend huge sums to attract new customers. (Mr. Bogle named the company after Admiral Horatio Nelson's flagship at the Battle of the Nile in 1798; he thought the name "Vanguard" resonated with the themes of leadership and progress.). 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). She is a female registered to vote in Palm Beach County, Florida. Reading was among his pleasures, as was The New York Times crossword puzzle, which he often completed in less than 20 minutes. Seven years later, a management dispute with the principals of TDPL led Mr. Bogle to form Vanguard in September 1974 to handle the administrative functions of Wellington's funds, while TDPL/Wellington Management would retain the investment management and distribution duties. This was a theme for Mr. Bogle and his successors: Vanguard is known today for maintaining investment costs among the lowest in the industry. In 2004, Time magazine named Mr. Bogle one of "the world's 100 most powerful and influential people" and Institutional Investor magazine presented him with its Lifetime Achievement Award. Mr. Bogle built Vanguard, which is based in Malvern, Pa., on a cornerstone belief that was anathema to most mutual fund companies: that over the long term, most investment managers cannot outperform the broad market averages. A, HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. In the year 1974, he has established the Vanguard Company, which is presently known to be one of the greatest respected as well as effective firms in the world of investment. FUSE Research Network Award for Lifetime Impact and Commitment to Investors and Investment Management Consultants Association Richard J. Davis Ethics Award, 2010. Center for Corporate Excellence Exemplary Leader Award, 2006. Mr. Bogle in an undated photo. Reflections on Investment Illusions, Capitalism, “Mutual” Funds, Indexing, Entrepreneurship, Idealism, and Heroes (2011); The Clash of the Cultures: Investment vs. Vanguard regrets to announce the passing of our founder John Clifton Bogle, who died January 16, 2019, at his home in Bryn Mawr, Pennsylvania. He has received his apprentice degree during the year 1951 and appeared in evening and weekend classes inside the University of Pennsylvania. 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. Maybe you know about John Bogle very well But do you know how old was he at the time of his death and what is his net worth in 2020? Fixed Income Analysts Society' Hall of Fame, 1999. Reflections on Investment Illusions, Capitalism, "Mutual" Funds, Indexing, Entrepreneurship, Idealism, and Heroes (2011); The Clash of the Cultures: Investment vs. (adsbygoogle=window.adsbygoogle||[]).push({}); You have entered an incorrect email address! His personal assistant, Michael Nolan, said the cause was esophageal cancer. He, too, managed to feature a role in Wellington Fund wherein he depicted talent, which let the director of the fund named Walter L. Morgan to state that Bogle actually recognized more regarding the fund trade than what they do. Now known as Vanguard 500 Index Fund, it has grown to be one of the industry's largest, with more than $400 billion in assets. Vanguard veterans say that Mr. Bogle and Mr. Brennan barely spoke, if at all, in the years afterward. 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. In January 2012, some of the nation's most respected financial leaders celebrated his career at the John C. Bogle Legacy Forum. 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 was named president of Wellington in 1967, and soon thereafter it merged with the Boston investment company Thorndike, Doran, Paine & Lewis. Unlike his famous father, John Bogle Jr. believes its worth trying to outperform the market.