Thomas Rowe Price Jr. is the founder of T. Rowe Price Associates, a global asset-management firm. He is famously known for his growth investing style. Along with Philip Fischer, Price was the major promoter of ‘growth stocks’. Therefore, he is generally referred to as the ‘Father Of Growth Investing’.
Here are some of the famous quotes by Thomas Rowe Price Jr. regarding investment and risks.
Investing Quotes By Thomas Rowe Price Jr.
“Even the amateur investor who lacks training and time to devote to managing his investments can be reasonably successful by selecting the best-managed companies in fertile fields of growth, buying their shares, and retaining them until it becomes obvious that they no longer meet the definition of a growth stock.”
“Change is the investor’s only certainty.”
“The growth stock theory of investing requires patience but is less stressful than trading generally has less risk, and reduces brokerage commissions and income taxes.”
“No one can see ahead three years, let alone five or ten. Competition, new inventions, all kinds of things, can change the situation in twelve months.”
“If you stay half-alert, you can pick the spectacular performers right from your place of business or out of the neighborhood shopping mall, and long before Wall Street discovers them.”
“It is better to be early than too late in recognizing the passing of one era, the waning of old investment favorites, and the advent of a new era affording new opportunities for the investor.”
“If you want to have an understanding of any business, it is important to know the background of the people who started it and directed its past and the hopes and ambitions of those who are planning its future.”
“I make more mistakes than anybody else. But I learned long ago to admit my mistakes and try to correct them.”
“If you treat the customer right, s/he will reward you long term. The most important asset we can have is goodwill, which is so difficult to build up and so easy to lose.”