The world’s greatest investors: Thomas Rowe Price, Jr

Thomas Rowe Price, Jr beat the market in the post-War years by seeking out dividends and earnings growth.

789-Price-634

Chemist turned investor Thomas Rowe Price, Jr

Thomas Rowe Price, Jr. was born in 1898, and originally embarked on a career as a chemist. However, he was far more interested in investing, and soon left his job at industrial giant DuPont to work in a brokerage. In 1937 he set up his own investment advisory firm, T. Rowe Price Associates, and in 1950 he set up the T. Rowe Price Growth Stock Fund, the first of many funds he was involved in. He sold his holdings in his company and retired in 1970.

What was his strategy?

Did this work?

What were his biggest successes?

He was vindicated in 1974 whenmany popular growth stocks collapsed. He put a large chunk ofhis own money in gold and resources stocks, which benefitedfrom surging inflation and the collapse of the gold standard.Unfortunately, his company had ignored his advice, and sawthe value of its funds collapse.

What other advice did he have for investors?

Recommended

Latest issue
Investments

Latest issue

Latest issue of MoneyWeek magazine
22 Apr 2021
FOMO versus fundamentals
Advertisement Feature

FOMO versus fundamentals

We're living in a time of great emotional, social and economic upheaval – is this driving our investment decisions?
21 Apr 2021
Reuniting investors with lost investments and inheritances
Advertisement Feature

Reuniting investors with lost investments and inheritances

What happens when you don’t keep track of all your accounts?
9 Apr 2021
Investing in infrastructure for a post-Covid world
Advertisement Feature

Investing in infrastructure for a post-Covid world

In the wake of the pandemic, the need to tackle environmental and social challenges is even more obvious than before
8 Apr 2021

Most Popular

China owns a lot more gold than it’s letting on – and here’s why
Gold

China owns a lot more gold than it’s letting on – and here’s why

In a world awash with money-printing, a currency backed by gold would have great credibility. And China – with designs on the yuan becoming the world’…
21 Apr 2021
“Joke” cryptocurrency dogecoin goes to the moon. What’s going on?
Bitcoin

“Joke” cryptocurrency dogecoin goes to the moon. What’s going on?

Dogecoin – a cryptocurrency created as a joke – has risen by more than 9,000% this year alone. Saloni Sardana looks at how something that began as an …
19 Apr 2021
House prices in the UK are still surging – here’s why it’ll probably continue
Property

House prices in the UK are still surging – here’s why it’ll probably continue

The latest UK house price data shows no letup in the country’s booming property market, with the biggest yearly rise since 2014. And there’s no end in…
22 Apr 2021