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.

BREAKING DOWN '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. Growth Investing

    A strategy whereby an investor seeks out stocks with what they ...
  2. Investment Style

    The overarching strategy or theory used by either a retail investor ...
  3. Investing Style

    In the context of stock mutual fund investing, refers to using ...
  4. Diversified Common Stock Fund

    A mutual fund that invests its assets in a relatively large number ...
  5. Pooled Funds

    Funds from many individual investors that are aggregated for ...
  6. Michael Bloomberg

    Michael Bloomberg is one of the wealthiest persons in the world ...
Related Articles
  1. Financial Advisor

    T. Rowe Price: Investment Manager Highlight (TROW)

    Learn about T. Rowe Price and its investment process, investment management teams, star managers, and financial services and products offered.
  2. Investing

    Growth Investing: Famous Growth Investors (PRGFX)

    Find out who were the most famous growth investors of their time, and learn about the investment strategies that made them successful.
  3. Investing

    6 Low Fee T. Rowe Price Mutual Funds

    Learn about T. Rowe Price's family of mutual funds and discover which funds in the company's lineup charge the least fees to shareholders.
  4. Financial Advisor

    PRDGX, PRSIX, TRREX: T. Rowe Price Funds for Income Seekers

    Find out which T. Rowe Price mutual funds to use to create a diversified income portfolio for current income, income growth and capital preservation.
  5. Financial Advisor

    4 Best T. Rowe Price Mutual Funds

    Learn about four of the best T. Rowe Price mutual funds that have shown strong performance with reasonable net expense ratios, outperforming most peers.
  6. Investing

    5 T. Rowe Price Mutual Funds with Long Track Records (TROW)

    Learn about T. Rowe Price and the company's nearly 80-year history, and discover which mutual funds in the company's lineup have been around the longest.
  7. Financial Advisor

    The Investment Strategy Behind T. Rowe Price Capital Fund

    Learn about the T. Rowe Price Capital Appreciation Fund and its investment strategy, portfolio composition, management, investment performance and terms.
  8. Investing

    Top 5 All-Time Best Mutual Fund Managers

    The best managers produced long-term, market-beating returns and helped investors build big nest eggs. Find out who made the cut.
  9. Investing

    3 T. Rowe Price Funds for Value Investing

    Read analyses of the top three T. Rowe Price value funds open to new investors, and learn about their investment objectives and historical performances.
RELATED FAQS
  1. What is the difference between diversification and hedging?

    Learn what diversification and a hedge are, how investors can diversify and hedge their investments, and the main difference ... Read Answer >>
  2. What are some of the limitations of only looking at the rate of return for an investment?

    Learn why only reviewing the rate of return for an investment poses a risk to the investor and what additional factors should ... Read Answer >>
  3. What is a long-short mutual fund?

    A Long-Short Fund is a mutual fund that holds investments long and in addition it sells securities it does not own (short). ... Read Answer >>
Hot Definitions
  1. Master Of Business Administration - MBA

    A graduate degree achieved at a university or college that provides theoretical and practical training to help graduates ...
  2. Liquidity Event

    An event that allows initial investors in a company to cash out some or all of their ownership shares and is considered an ...
  3. Job Market

    A market in which employers search for employees and employees search for jobs. The job market is not a physical place as ...
  4. Yuppie

    Yuppie is a slang term denoting the market segment of young urban professionals. A yuppie is often characterized by youth, ...
  5. SEC Form 13F

    A filing with the Securities and Exchange Commission (SEC), also known as the Information Required of Institutional Investment ...
  6. Four Percent Rule

    A rule of thumb used to determine the amount of funds to withdraw from a retirement account each year. The four percent rule ...
Trading Center