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Welcome to The Philadelphia Newsletter!

In today’s edition:

• Flyers Extend Contract with Defenseman Adam Ginning

• Upcoming Philadelphia Phillies home game

• A deep dive into the life of John C. Bogle

• And more…

Quote of the Week

“If you don’t design your own life plan, chances are you’ll fall into someone else’s plan and guess what they have planned for you? Not much.”

— Jim Rohn

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Trivia

Here is your trivia question of the week. The answer will be shown in next week’s newsletter. Which do you think it is? No cheating!

Which famous American jazz and swing music singer, known for her voice range and scat singing, was born in Philadelphia in 1915?

A) Nina Simone

B) Sarah Vaughan

C) Ella Fitzgerald

D) Billie Holiday

Answer to Last Week's Trivia: The historic Philadelphia building that was once the tallest structure in the world from 1894 to 1908 is C) Philadelphia City Hall.

News

💼 Business

Herr's debuts 3 new Philadelphia-flavored potato chips. (link)

🏒 Sports

Flyers re-sign defenseman Adam Ginning to a contract extension.( link)

Trea Turner returns, Phillies option Johan Rojas to Triple A. (link)

Philadelphia Eagles Announce Public Practice Date For The Fans. (link)

🏦 Finance

Pennsylvania Allocates $64.8 Million to Boost Affordable Housing Efforts. (link)

Upcoming Events

Here are some events that are happening in our city this week. There is a good mix between sports, entertainment, conferences, concerts, and more.

Sports

⚾Philadelphia Phillies vs. Miami Marlins
Citizens Bank Park Philadelphia, PA
Thursday, June 27 | 6:20 PM | (more info)

⚾Philadelphia Phillies vs. Miami Marlins
Citizens Bank Park Philadelphia, PA
Sunday, June 30 | 1:35 PM | (more info)

Music & Concerts

🎤Chris Brown - The 11:11 Tour
Wells Fargo Center Philadelphia, PA
Thursday, June 27 | 7:30 PM | (more info)

🎧Duke Dumont
The Ave Live Philadelphia, PA
Saturday, June 29 | 9:30 PM | (more info)

Family

🏌️‍♂️Summer Academy 2024 Topgolf Philadelphia
2140 Byberry Road Philadelphia,
Monday, June 24 | 9am - 12pm EDT | (more info)

Image of the Week

Every week, I have a habit of making some AI art about our city.

This week, I typed in “An entirely underground Philadelphia.” and this is what I got.

Let me know what ideas you have for this. I really enjoy making these types of photos.

Philadelphia Historical Events

1791: The First Bank of the United States is chartered in Philadelphia.

In 1791, a pivotal moment in American financial history occurred as the First Bank of the United States was chartered in Philadelphia. This landmark institution, established by the federal government, played a crucial role in shaping the nation's economic landscape. Located in the heart of Philadelphia, the bank became a symbol of the city's growing influence as a center of commerce and finance. Its charter marked a significant step towards establishing a stable and unified national currency, providing a foundation for economic growth and stability in the young United States.

The chartering of the First Bank of the United States in Philadelphia was met with both enthusiasm and controversy. While many saw it as a necessary tool for managing the country's finances and promoting economic development, others viewed it as an overreach of federal power. The bank's establishment sparked debates about the balance of power between the federal government and the states, setting the stage for ongoing discussions about the role of central banking in the United States.

Today, the legacy of the First Bank of the United States lives on in Philadelphia, where its historic significance is commemorated. The bank's chartering marked a turning point in the nation's financial history and remains a testament to Philadelphia's enduring role as a hub of economic and financial innovation. The institution's impact continues to be felt, shaping the economic policies and financial institutions that define the United States to this day.

Famous People From Philadelphia

John C. Bogle (1929–2019): Founder of The Vanguard Group.

John C. Bogle (1929–2019): Founder of The Vanguard Group

John Clifton Bogle, the founder of The Vanguard Group, passed away on January 16, 2019, in Bryn Mawr, Pennsylvania. He was 89 years old. Mr. Bogle was born on May 8, 1929, in Montclair, New Jersey, and had a legendary status in the American investment community. He introduced the first index mutual fund for investors and stood behind the concept until it gained widespread acceptance. His contributions to the investment industry and his commitment to pioneering index funds have left a lasting impact.

Early Life and Education (1929-1947)

John Clifton Bogle was born on May 8, 1929, in Montclair, New Jersey, to William Yates Bogle, Jr., and Josephine Lorraine. He worked his way through Blair Academy and Princeton, demonstrating a strong work ethic and determination from a young age.

Founding The Vanguard Group (1974-1996)

Bogle's most significant achievement was the founding of The Vanguard Group in 1974, where he served as chairman and CEO until 1996. His leadership and vision revolutionized the investment industry, making low-cost index funds accessible to the masses and challenging the traditional approach to mutual fund management.

Advocacy for Index Funds (1970s-2010s)

Bogle's advocacy for index funds and his unwavering commitment to providing low-cost investment options for individual investors reshaped the landscape of the financial markets. His efforts to promote the benefits of index investing and long-term wealth accumulation have had a profound and lasting influence on the investment community.

Philanthropy and Public Service (1980s-2019)

In addition to his contributions to the investment industry, Bogle was actively involved in philanthropy and public service. He served on the board of trustees of the National Constitution Center in Philadelphia, demonstrating his commitment to civic engagement and education.

Legacy and Recognition (Throughout Career)

Throughout his career, Bogle received numerous awards and honors for his contributions to the investment industry, including the Award for Professional Excellence from the Association for Investment Management. His legacy as the ""father of indexing"" and his pioneering work in making investing more accessible to the public continue to be celebrated and recognized.

Personal Life and Family

John C. Bogle resided in Bryn Mawr, Pennsylvania, with his wife, Eve. They were the parents of six children and the grandparents of twelve, creating a legacy that extended beyond his professional achievements.

Key Achievements:

• Founder of The Vanguard Group, revolutionizing the investment industry.

• Introduction of the first index mutual fund for investors.

• Advocacy for low-cost index funds and long-term wealth accumulation.

• Active involvement in philanthropy and public service.

• Legacy as the "father of indexing" and his pioneering work in making investing more accessible to the public.

John C. Bogle's life and career were marked by his dedication to empowering individual investors and reshaping the investment landscape. His legacy as a visionary leader and advocate for low-cost investing continues to inspire and influence the financial industry.

Connect With Me

If you want to connect, reply to this email and let me know what you think.

I would love to hear from you. Don’t be shy.

-Matthew Larsen

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