Monday, March 3, 2008

Rex Sinquefield is Compassionate

Rex Sinquefield’s rags-to-riches life is one of his attractions (that is what aspired us to develop this blog about him). Born in St. Louis, he spent six years in St. Vincent’s orphanage—roughly ages 8 to 14—before reuniting with his widowed mother and older sisters.

Mr. Sinquefield is a director of St. Vincent Orphan's Home in St. Louis. This is the most admirable character about him. He never forgot his roots and has compassion for the orphans that St. Vincent serves today. How many wealthy people in this modern world will go back to serve honorably the orphanage where they grew? Few if any because many become drunk with wealth and wordly possessions but not Mr. Sinquefield. He has the worldly possesions but is full of campassion. He shares his wealth with the indigent and the needy.

Did you know that Mr. Sinquefield donates far more money to other personal passions besides politics, such as the symphony, St. Vincent’s and after-school programs for the urban poor? A chess fanatic, Sinquefield is offering to start and bankroll a regionwide chess program for children.


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Sunday, February 24, 2008

Rex Sinquefield is Known for Chess, Charm, and Compassion for the Poor.

Mr. Sinquefield’s passion for government change is softened by what even his critics describe as charm and compassion. Former Gov. Holden, for example, said Sinquefield offered one of the buildings on his estate for a Holden family reunion held when the former governor’s mother was gravely ill. And Sinquefield and his staff emphasize that he’s donating far more money to other personal passions besides politics, such as the symphony, St. Vincent’s and after-school programs for the urban poor.

A chess fanatic, Sinquefield is offering to start and bankroll a regionwide chess program for children. He’s also honing his own chess skills to return to the tournament circuit. Sinquefield often plays chess online with other chess experts, in games that can take days for a single move.
He appears to be adopting the same methodical, patient approach to state and local government.
He believes that state income taxes hurt job growth and economic prosperity. He makes the same argument about the earnings taxes levied by the cities of St. Louis and Kansas City. Sinquefield said he recognizes that it may take years for his vision to take hold. But he also is upfront about his political expectations. Sinquefield acknowledges that he’s willing to pour millions of dollars into the campaigns of like-minded politicians. But he added that he’ll contribute to campaigns only “as long as it advances this agenda.” “If it doesn’t,” Sinquefield said with a smile, “I won’t.”


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Saturday, February 23, 2008

Who is Rex A. Sinquefield? More...

Billionaire Sinquefield’s rags-to-riches life is one of his attractions (that is what aspired us to develop this blog about him). Born in St. Louis, he spent six years in St. Vincent’s orphanage — roughly ages 8 to 14 — before reuniting with his widowed mother and older sisters.

He graduated from Bishop DuBourg High School near St. Louis Hills. Sinquefield attended Cardinal Glennon Seminary for three years before deciding the religious life was not for him. “I was studying to be a bishop. They said, ‘Wait a minute, you have to be a priest first,’ ” Sinquefield recalled with a chuckle. He transferred to St. Louis University, graduating in 1967 with a business degree.

In 1968, at the height of the Vietnam War, Sinquefield was drafted into the Army. But instead of being sent overseas, he was placed in the finance corps based at Fort Riley, Kansas. After a two-year military stint, Sinquefield worked for banks in St. Louis and Chicago, the latter while also acquiring an MBA at the University of Chicago.

He spent nine years with the American National Bank of Chicago, working his way up to be the head of its investment section and later, the trust department. His love of investing prompted Sinquefield to leave the bank in 1981 to co-found Dimensional Fund Advisors with business partner David Booth. The firm quickly grew, and now employs 330 people worldwide. In 2006, it managed at least $138 billion in funds. A spokeswoman confirmed that the firm’s owners include employees, board members and 28 outside investors, including California Gov. Arnold Schwarzenegger. Long based in Santa Monica, Calif. — which Sinquefield dubs "Soviet Monica" because of its high taxes — the firm now is relocating its headquarters to Austin, Texas. The draw: Texas doesn’t have an income tax.

This is a man who spent his early life in orphanage, developed many talents, and became a billionaire investment banker. We truly developed this blog to share his life and achievements with our online visitors.


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Friday, February 22, 2008

Who is Rex A. Sinquefield?

Mr. Rex Sinquefield was the co-founder of Dimensional Fund Advisors and was its co-chairman until his retirement in 2005. In the 1970s, he did influential research on historical stock market returns and pioneered many of the nation's first index funds. He was the author, with Yale School of Management professor, Roger G. Ibbotson, of Stocks, Bonds, Bills and Inflation, at the time, the most comprehensive empirical study of stock market returns.

Since 2003, he has served as a member of the editorial board of the Financial Analysts Journal. Sinquefield is a director of St. Vincent Orphan's Home in St. Louis, a member of the investment committee of the Archdiocese of St. Louis, and a life trustee of DePaul University. He serves on the boards of the St. Louis Symphony Orchestra, the St. Louis Art Museum, and the Missouri Botanical Garden.

He received his MBA from the University of Chicago in 1972 and his B.S. in 1967 from St. Louis University, where he is a member of the board of trustees. He founded and serves as the president of the Show-Me Institute, a public policy research organization based in St. Louis.

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Thursday, February 21, 2008

Welcome to Our Blog (Online Journal)

To Our Esteemed Online Visitors:

This blog is all about showcasing Mr. Rex Sinquefield, a billionaire resident of St. Louis and a retired investment banker. We'll highlight his inspiring early life, substantial achievement in the financial world, education, research and writings, cahritable causes, and last but not least his quest to fight for the constitutional rights of Americans using his wealth.

He currently serves as the President of the Board of Directors of the Show-Me Institute in Missouri. The organizers of this blog identify with the conservative values of Mr. Rex Sinquefield.

We've been closely following this American hero using the Internet in the last two years and we've found a lot of resources on his positive contributions to Missouri and the nation. These resources are scattered all over the Internet. We intend to bring them under one roof, and that is our blog.

Our blog will inform and educate you. You'll know why Mr. Sinquefield is a billionaire and more. Stay Tuned.

Our blog is interactive in that visitors can give us feedback on the information we share. To give us feedback do the following:

1. Click comment at the end of an artcle,

2. Provide your feedback in the rectangular box,

3. Type in the letter code in the box below it,

4. Choose to provide your name by selecting the nickname radio button or remain unanimous by selecting the unanimous radio button, and

5. Finally click publish to share your comments with us and other online visitors.

Please be corteous to other online visitors.

Movement to Support Rex Sinquefield/Admirers of Rex Sinquefield
The Chief Blogger is a doctorate holder who lives in St. Louis, Missouri. Please join us.