CAHPTER 1
BOGLE’S BEGINNINGS
Jack Bogle was born into rapidly declining affluence.
His parents, William Yates Bogle Jr. of Montclair, New Jersey, and Josephine Lorraine Hipkins of Brooklyn, both born to wealth in 1896, married in 1924 and lived in a large home in Verona, New Jersey. Lorraine lost twin girls named Josephine and Lorraine at birth; in 1927 had a son, William Yates Bogle III, known as Bud; and then on May 8, 1929, a pair of twin boys, David Caldwell Bogle and John Clifton Bogle, whom she called Jack.
Named after his grandfather, Jack Bogle looked to his great-grandfather, Philander Banister Armstrong, as his “spiritual progenitor.” While in the insurance industry, Armstrong gave speeches, wrote a book, A License to Steal: How the ...
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