Thomas Rowe Price, Jr.

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Thomas Rowe Price, Jr. (born 1898 in Linwood, Maryland;[1] died 1983) was the founder of T. Rowe Price.


Price received a bachelor's degree in chemistry from Swarthmore College.


Price first entered the world of Wall Street investing in the 1920s. By 1937 he founded his investment firm, T. Rowe Price, in Baltimore, Maryland. Between 1937 and 1971, when he sold his firm to his employees, Price gradually developed a theory that investing was superior to speculating.

Price is best known for developing the growth stock style of investing, for which he has been called "the father of growth investing".[1]I Price believed that investors could earn superior returns by investing in well-managed companies in fertile fields whose earnings and dividends could be expected to grow faster than inflation and the overall economy. The core of Price's approach, proprietary research to guide investment selection and diversification to reduce risk, has remained part of the firm's principles.