In 1937, Thomas Rowe Price, Jr. founded an investment company in Baltimore that would become one of the most successful in the world. Today, The T. Rowe Price Group manages over one trillion dollars and services clients around the world. It is among the largest investment firms focused on managing mutual funds and pension accounts. Uniquely trusted and respected, the firm is considered the “gold standard” by many investment advisors.
In this book, Cornelius Bond tells the full story, for the first time, of how Price, a modest and ethical man, built the company bearing his name. From the private, unpublished personal and corporate records, you will get direct access to the creative process behind Price’s highly successful approach to investing.
Personal insights based on Price’s own writings and the personal experience of the author who worked with him for many years. The Growth Stock philosophy as described in the words of the creator and master of this approach. Two fund managers who worked closely with Mr. Price reunite to consider the investment environment of the next five to ten years as Price himself might have viewed it. This book will give you an insider’s access to the true story of Thomas Rowe Price, Jr.
Only interesting if you want to know his history, which has partly been made up according to the writer. Hardly anything about his investment strategy so this book is not for those aiming to improve their investment skills.
Not the most interesting person to read a biography about, but the investment philosophy chapters are worth the price of the book for any investor. T Rowe Price was a pioneer of growth investing and the ideas are logical and still very usable as a framework.
Well researched, interesting story and interesting man. Seems like he had an incredible amount of dedication and willpower; someone that dedicated his life to his work.
Lot of detailed history on the man and the economy back in the day. Not as much about the investment process and philosophy as expected. Too many hypotheticals of “What T Rowe would’ve done or said”
A strong history of the company and general economic context in which it operated. A disappointing lack of insights from T Rowe Price Jr. about investing that can be applied to modern investing.