CLOSING BELL

A Founder's Story:
Thomas Rowe Price, Jr.

Mr. Price held a number of jobs—each helping to form his investment philosophy—before he started his own investment counsel business in 1937.

For an investor who had never taken an economics course, Price had uncommon financial wisdom. After his graduation with a chemistry degree from Swarthmore College in 1919, each position he held had some bearing on his business philosophy. Of investing, Price said: "One does not have to go to college to be able to select fertile fields. All one needs is what my grandfather called gumption, my grandmother called horse sense, and what most people call common sense."

In His Own Words...

Thomas Rowe Price, Jr., had a simple and powerful philosophy. Selections from his writings reveal his belief in investing for the long term for the benefit of his clients.

"Admitting that stocks may sell considerably lower in the future, I believe I would never forgive myself if I sold now, as I would not have a chance to recover a portion of my losses when the turn eventually comes."
—September 24, 1931

"The longer I am in business, the more convinced I am that our point of view should be entirely the investor's–for long-term appreciation."
—March 22, 1939

"I realized that most of the big fortunes in the country had resulted from investing in a growing business and staying with it through thick and thin."
—September 7, 1951

1 The new T. Rowe Price Personal App for iPhone® enables you to conduct mutual fund transactions, check daily prices, and more, while you're on the go.
2 Judith Ward, CFP®, explains how your expenses may evolve in retirement and what you can do to prepare.
3David Giroux, portfolio manager of the T. Rowe Price Capital Appreciation Fund (PRWCX), employs a flexible value strategy.
4Investors interested in the expansion of communications technology might consider the T. Rowe Price Media & Telecommunications Fund (PRMTX).
5 A four-step checklist to help you move your financial plan forward as you start a new job.
6The effect of rising prices combined with increasing life spans exposes you to the chance of outliving your savings.
7A new way to experience Investor; Emerging Markets Corporate Bond Fund; Washington, D.C. Investor Center is moving; save with our Brokerage commissions.
8Moving some or all of the assets from your Traditional IRA into a Roth IRA may provide you with greater financial flexibility in retirement.
9Mr. Price's employment history helped to shape his investment philosophy and desire to start his own "investment counsel" business.
10A guide to financial and estate planning actions
Preserving Assets for Your Heirs