John Clifton "Jack" Bogle (born May 8, 1929) is the founder and retired CEO of The Vanguard Group

The Vanguard Group

The Vanguard Group is an American investment management company based in Malvern, Pennsylvania, that manages approximately $1.6 trillion in assets. It offers mutual funds and other financial products and services to individual and institutional investors in the United States and abroad. Founder...

. He is known for his 1999 book Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor, which became a bestseller and is considered a classic.
Bogle was born in in Verona, New Jersey

Verona, New Jersey

Verona is a township in Essex County, New Jersey, United States. As of the 2010 United States Census, the township population was 13,332.In 2008, New Jersey Monthly magazine ranked Verona #1 in Essex County and #3 in New Jersey as "Top Places to Live in New Jersey".-History:Verona and several...

. His family was affected by The Great Depression

Great Depression

The Great Depression was a severe worldwide economic depression in the decade preceding World War II. The timing of the Great Depression varied across nations, but in most countries it started in about 1929 and lasted until the late 1930s or early 1940s...

. He attended Blair Academy

Blair Academy

Blair Academy is a private, coeducational, secondary boarding high school with an enrollment of about 448 students for grades nine through twelve. The school has 78 faculty members...

 on a full scholarship, earned his undergraduate degree from Princeton University

Princeton University

Princeton University is a private research university located in Princeton, New Jersey, United States. The school is one of the eight universities of the Ivy League, and is one of the nine Colonial Colleges founded before the American Revolution....

 in 1951, and attended evening and weekend classes at the University of Pennsylvania

University of Pennsylvania

The University of Pennsylvania is a private, Ivy League university located in Philadelphia, Pennsylvania, United States. Penn is the fourth-oldest institution of higher education in the United States,Penn is the fourth-oldest using the founding dates claimed by each institution...

.
Upon graduation he went to work for Walter L. Morgan

Walter L. Morgan

Walter L. Morgan was the founder of the Wellington Fund, the first balanced mutual fund in the United States and one of the oldest surviving mutual funds. Morgan was born in Wilkes-Barre, Pennsylvania where he prepared at the Hillman Academy...

 at Wellington Management Company

Wellington Management Company

Wellington Management Company is one of the largest private, independent investment management companies in the world. The firm has client assets under management totalling over US$634 billion, and serves as investment advisor for over 1,900 institutional clients in over 50 countries. Assets are...

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