June 2, 2020

T. Rowe Price: The Man, The Company, and The Investment Philosophy

Cornelius C. Bond

A modest and ethical man, T. Rowe Price Jr. would certainly be proud of the company that still bears his name. From coining the term “growth stock” in 1935, to launching his firm in 1937 and reaching the nation’s “best investor” status by the 1960s, the company now manages over $1 trillion and boasts a $27 billion market cap. Mr. Price’s approach seems commonplace today, but that’s because of his common sense approach to investing produced results that attracted followers. Mr. Price believed in doing fundamental research, focusing on companies that could double earnings in a decade, meeting with management, and then holding for 7-10+ years. All investors can benefit from learning Mr. Price’s history and investment philosophy.

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