Editing John C Bogle

{{Infobox person
|name = John C. Bogle
|image =
|birth_date = May 8, 1929
|birth_place = Montclair, New Jersey
|death_date = January 16, 2019
|death_place = Bryn Mawr, Pennsylvania
|occupation = Investment executive, author
|years_active = 1951–2019
|notable_works = Founder of The Vanguard Group, creator of first index fund
}}

'''John Clifton Bogle''' (May 8, 1929 – January 16, 2019), often called "Jack" Bogle, was an American investor, business magnate, and philanthropist. He founded The Vanguard Group in 1975 and created the first index mutual fund available to individual investors, revolutionizing how ordinary people invest and accumulate wealth.

== Career ==

=== Early Career ===

Bogle graduated magna cum laude from Princeton University in 1951, where his senior thesis on mutual funds caught the attention of industry leaders. He joined Wellington Management Company and rose to become chairman before a merger-related dispute led to his departure in 1974.

=== Founding Vanguard ===

In 1975, Bogle founded The Vanguard Group in Valley Forge, Pennsylvania, structured as a client-owned mutual fund company—a revolutionary concept in the investment industry. Unlike typical fund companies owned by outside investors seeking profit, Vanguard is owned by the funds themselves and, by extension, by the fund shareholders.<ref>{{cite web |url=https://www.vanguard.com/bogle |title=About Jack Bogle |publisher=Vanguard |date=2019}}</ref>

=== Index Fund Revolution ===

In 1976, Bogle introduced the First Index Investment Trust (now the Vanguard 500 Index Fund), the first index mutual fund available to retail investors. The fund was initially derided as "Bogle's Folly" by industry critics who saw it as un-American to aim for merely average returns.<ref>{{cite web |url=https://www.nytimes.com/2019/01/16/obituaries/john-bogle-dead.html |title=John C. Bogle, Index Fund Pioneer, Dies at 89 |publisher=New York Times |date=January 16, 2019}}</ref>

The concept—buying and holding a diversified basket of stocks that mirrors a market index, with minimal trading and ultra-low fees—proved revolutionary. Over time, index investing has grown to represent trillions of dollars in assets and has fundamentally changed the investment industry.

== Philosophy ==

Bogle's investment philosophy centered on:
* '''Low costs''': Minimizing fees and expenses that erode returns
* '''Long-term thinking''': Buy and hold rather than frequent trading
* '''Diversification''': Spreading risk across many investments
* '''Index investing''': Matching market returns rather than trying to beat them
* '''Investor interests first''': Fiduciary duty to shareholders

He was famously critical of the financial industry's excessive fees and conflicts of interest, advocating tirelessly for individual investors throughout his career.

== Impact ==

By the time of his death, Vanguard had grown to manage over $5 trillion in assets, making it one of the world's largest investment companies. His innovations are credited with saving investors hundreds of billions of dollars in fees.

Warren Buffett called Bogle "a hero" and said that "Jack did more for American investors as a whole than any individual I've known."

== Philadelphia Area Legacy ==

Though Vanguard is headquartered in the Philadelphia suburbs (Malvern, Pennsylvania), Bogle's influence extended throughout the region. He:

* Lived in Bryn Mawr on the Main Line
* Was a major philanthropist supporting Philadelphia-area institutions
* Served on the board of the Blair Academy and Princeton University
* Received numerous honorary degrees from area universities

== Personal Life ==

Bogle received a heart transplant in 1996 at Hahnemann University Hospital in Philadelphia after suffering from heart disease for decades. He continued working and writing until near his death in 2019 at age 89.

He authored numerous books on investing, including ''Common Sense on Mutual Funds'' and ''The Little Book of Common Sense Investing''.

== See Also ==
* [[Main Line Health]]
* [[Bryn Mawr College]]

== References ==
<references />

{{#seo:
|title=John C. Bogle - Philadelphia Wiki
|description=John C. Bogle, founder of The Vanguard Group, creator of the first index fund, and revolutionary figure in personal finance based in the Philadelphia suburbs.
|keywords=John Bogle, Vanguard, index fund, mutual fund, investing, Valley Forge, Main Line, Philadelphia finance
|type=Article
}}

[[Category:People]]
[[Category:Business Leaders]]
[[Category:Philadelphia Suburbs]]