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FormsT Rowe Price

FormsT Rowe Price

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In 1929 the U.S. economy, already reeling from an unprecedented stock market crash, entered a sharp recession. The Dow Jones Industrial Average, which celebrated a record high of 381 in 1929, plunged from a high of 200 to 100 in 1937, a stunning 50 percent loss. In 1937, a 39-year old investment analyst and former chemist, hoping to build a brighter future, opened his own investment company. Thomas Rowe Price Jr. applied the same scientific method he used in the lab to financial research, finding and investing in stocks poised for long-term growth. Mr. Price loved investing, but he didn’t love the way firms treated their clients. This inspired him to start a different kind of company. One dedicated to putting the client’s interests first. "I believe our client’s interests should come first. We should do well when they do well." As the post-war economy rebounded, the firm launched its first fund in 1950. Mr. Price believed in finding companies with strong long-te

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