Thomas Rowe Price, Jr.

AAA

DEFINITION of 'Thomas Rowe Price, Jr.'

Founder of the Baltimore-based investment management firm T. Rowe Price mutual funds. Price is known more for his development of the growth-stock style of investing than anything else. He was a strong believer in buying well-managed companies paying dividends that were expected to increase at a greater rate than inflation, and also in portfolio diversification. He finally sold his investment company to his own employees in 1971.

INVESTOPEDIA EXPLAINS 'Thomas Rowe Price, Jr.'

Born in Linwood, Maryland, Price obtained a degree in chemistry and then ventured into Wall Street during the roaring twenties. Over time, he developed his own unique investment strategy that helped him and many others to achieve superior returns. Price enjoyed great success employing proprietary research for his investment picks.

RELATED TERMS
  1. James D. Slater

    A renowned investment author in Britain, who wrote a Sunday column ...
  2. Inflation

    The rate at which the general level of prices for goods and services ...
  3. Growth Rates

    The amount of increase that a specific variable has gained within ...
  4. Growth Stock

    Shares in a company whose earnings are expected to grow at an ...
  5. Bond

    A debt investment in which an investor loans money to an entity ...
  6. Mutual Fund

    An investment vehicle that is made up of a pool of funds collected ...
Related Articles
  1. The Christmas Saints Of Wall Street
    Investing Basics

    The Christmas Saints Of Wall Street

  2. Thomas Rowe Price: Always Right
    Retirement

    Thomas Rowe Price: Always Right

  3. A History Of U.S. Monopolies
    Personal Finance

    A History Of U.S. Monopolies

  4. The 5 Most Feared Figures In Finance
    Personal Finance

    The 5 Most Feared Figures In Finance

Hot Definitions
  1. Halloween Strategy

    An investment technique in which an investor sells stocks before May 1 and refrains from reinvesting in the stock market ...
  2. Halloween Massacre

    Canada's decision to tax all income trusts domiciled in Canada. In October 2006, Canada's minister of finance, Jim Flaherty, ...
  3. Zombies

    Companies that continue to operate even though they are insolvent or near bankruptcy. Zombies often become casualties to ...
  4. Witching Hour

    The last hour of stock trading between 3pm (when the bond market closes) and 4pm EST. Witching hour is typically controlled ...
  5. October Effect

    The theory that stocks tend to decline during the month of October. The October effect is considered mainly to be a psychological ...
  6. Repurchase Agreement - Repo

    A form of short-term borrowing for dealers in government securities.
Trading Center