Statement of Jeffrey Rosen, President and CEO of the National Constitution Center, January 17, 2019:
All of us at the National Constitution Center are saddened by the passing of Jack Bogle, who died in Bryn Mawr, PA, yesterday at the age of 89. The Wall Street Journal noted that “American investors have lost the fiercest advocate they may have ever had,” and Warren Buffett wrote in 2016, “If a statue is ever erected to honor the person who has done the most for American investors, the hands-down choice should be Jack Bogle.”
Here at the NCC, we are especially grateful to Jack for his vision and energy in ensuring that the dream of a National Constitution Center became a reality. He was Chair of our Board of Trustees from 1999 to 2007, and presided over the opening of the Center in 2003. He worked tirelessly with the leadership of the Center to secure $60 million in federal funding and the remaining $120 million in public and private funding to open the Constitution Center. At one point or another, Jack served actively on every committee of the Board and, as Chairman Emeritus, spent his time advising the Investment Committee, which he helped to create.
Those of us who had the honor of learning from the master on Investment Committee calls will never forget his sober advice, which helped our endowment grow steadily in choppy waters and smooth ones. He remained enthusiastic about the Constitution Center during the past few years and always insisted on the centrality of our mission in promoting the kind of reasoned dialogue and civic education that he believed would create informed investors and informed citizens. We’re grateful to his Constitution Center admirers, known as the Bogleheads, for naming the John C. Bogle Chairman’s Room in his honor; it’s fitting that our Board of Trustees will continue to convene in perpetuity under his name.
All of his friends at the NCC are giving thanks today for his blessed memory, and for his vision in making the Constitution Center possible. His devotion to reason, prudence, self-mastery, data-based decision-making, and the U.S.A. not only improved the lives of American investors; it helped prepare all of us to be better American citizens.