Michael Price
Encyclopedia
Michael F. Price is a value investor
and fund manager in Far Hills, New Jersey
.
at Mutual Series. In 1982, he became a full partner and when Heine died in 1988, became the president and chairman. In 1996, Mutual Series was merged into Franklin Templeton Investments
. In 1998, Price stepped down from day-to-day fund management duties but continued as chairman of the company, and in 2001, he left the firm to begin his own fund company.
in February 2006 as the 562-richest person in the world, with an estimated net worth of $1.4 billion
He has donated tens of millions of dollars to his alma mater, the University of Oklahoma
. The OU College of Business
, one of its buildings, and a large endowment bear his name. The CCTM, officially opening in June 2008 at the Albert Einstein College of Medicine in the Bronx, bears his name too.
Value investing
Value investing is an investment paradigm that derives from the ideas on investment and speculation that Ben Graham and David Dodd began teaching at Columbia Business School in 1928 and subsequently developed in their 1934 text Security Analysis...
and fund manager in Far Hills, New Jersey
Far Hills, New Jersey
Far Hills is a borough in Somerset County, New Jersey, United States. As of the United States 2010 Census, the population was 919.Far Hills was incorporated as a borough based on an Act of the New Jersey Legislature passed on April 7, 1921, from portions of Bernards Township, subject to the results...
.
Career
He began his career in 1973 when he joined Max HeineMax Heine
Max L. Heine was a value investor and fund manager in New York.-Biography:A Jewish law student in Berlin, Max fled Nazi Germany in the late 1930s for New York, where he found work in a department store...
at Mutual Series. In 1982, he became a full partner and when Heine died in 1988, became the president and chairman. In 1996, Mutual Series was merged into Franklin Templeton Investments
Franklin Templeton Investments
Franklin Resources Inc. is a holding company which, together with its subsidiaries, is referred to as Franklin Templeton Investments; it is an investment firm originally founded in New York in 1947 as Franklin Distributors, Inc. It is listed on the NYSE under the ticker BEN, in honor of Benjamin...
. In 1998, Price stepped down from day-to-day fund management duties but continued as chairman of the company, and in 2001, he left the firm to begin his own fund company.
Personal life
Price is married and has four children. He was ranked by ForbesForbes
Forbes is an American publishing and media company. Its flagship publication, the Forbes magazine, is published biweekly. Its primary competitors in the national business magazine category are Fortune, which is also published biweekly, and Business Week...
in February 2006 as the 562-richest person in the world, with an estimated net worth of $1.4 billion
He has donated tens of millions of dollars to his alma mater, the University of Oklahoma
University of Oklahoma
The University of Oklahoma is a coeducational public research university located in Norman, Oklahoma. Founded in 1890, it existed in Oklahoma Territory near Indian Territory for 17 years before the two became the state of Oklahoma. the university had 29,931 students enrolled, most located at its...
. The OU College of Business
Michael F. Price College of Business
The Michael F. Price College of Business at the University of Oklahoma is a business school in the United States. The College of Business was established in 1917 and currently has over 3,200 students.-Overview:...
, one of its buildings, and a large endowment bear his name. The CCTM, officially opening in June 2008 at the Albert Einstein College of Medicine in the Bronx, bears his name too.
External links
- GuruFocus page for Michael Price
- StockPickr page for Michael Price
- Price College of Business Oklahoma University