I am happy to announce the completion of the Michael Price resource page. Michael Price is one of the best value investors today. The page includes Price’s bio, articles, videos, investment philosophy and more.

To see the full page either go to the top menu-current value investors-> Michael Price or click on the following link Michael Price Resource Page

Here is a brief into to the Michael Price Page:

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I owe a lot of credit for this resource page to Bruce Greenwald’s book Value Investing: From Graham to Buffett and Beyond. Bruce Greenwald devotes an entire chapter to Michael Price in the book. In addition, I utilized other publications and websites to help me write up this resource page.

Bio of Michael Price

Michael Price was born on 05/17/1953. He graduated from the University of Oklahoma with a Bachelors in Business Administration in 1973. Price started working directly out of college for legendary investor Max Heine of Mutual Series mutual fund. Max Heine tragically died in a car accident in 1988 and Michael Price took control of the fund. During that time period the fund returned about 20% per year. Max Heine was an expert in special situations like bankruptcies and companies that were re-organizing. Two thirds of the fund consisted of value stocks, and one third of the fund was devoted to special situations. This allowed the fund to to do well in bull or bear markets since the special situation stocks were highly uncorrelated to other stocks.
Price sold the fund to Franklin Resources in 1996 for $670 million. One of his reasons for selling was that he felt he had too much money under management to invest successfully. However, he agreed to stay on until 1998, after which time he only served as chairman of the fund.

Price is married and has 4 children, and with an estimated current net worth of around $1.4 billion he is one of the richest people in the world. He has donated tens of millions of dollars to his alma matter- University of Oklahoma.

Investment Philosophy of Michael Price

When Price started his own fund in 2001…..

To see the full page either go to the top menu-current value investors-> Michael Price or click on the following link Michael Price Resource Page