Index
- Abbott Laboratories, 130
- Active bond management, fee, 178
- Addressograph‐Multigraph machine, usage, 88
- After‐tax corporate earnings, decline, 110
- AIG, rescue, 223–224
- Allen, Kennard W., 218–219
- American Cyanamid
- AOL, stock level, 45
- Apple, iPhone business, 104
- “Areas of Concern, 1/27/60” (Price), 152
- Army Air Corps, Kidd application/acceptance, 94
- Arthur D. Little, Inc., 157
- Assets, shrinkage, 166
- Assets under management (AUM), 136
- Atlantic Refining Company, Houston Oil sale, 30
- Avon Products, value, 136
- Back office, modernization, 228–229
- Balanced portfolio, structuring, 77
- Baltimore
- Baltimore College of Commerce, 89
- Baltimore Gas and Electric, shares (problems), 60
- Baltimore Press, 136
- Baltimore Stock Exchange, 29
- Goodrich office, Rowe (presence), 32
- Baltimore Trust Company Building (Light Street), 68–69, 145, 184
- failure/bankruptcy, 69
- Baltimore/Washington International Thurgood Marshall Airport, 143
- Bankers Trust, 48
- Bankruptcy, officers/directors responsibility, 69
- Banks, Federal Reserve System control, 50
- Barron's, 21
- Growth Stocks articles, 90
- Battle of Britain, 92
- Battle of Midway, 96
- Bay of Tonkin Resolution, 149
- Bear market, bottoming. See Wartime bear market
- Bedford Springs (annual planning meeting), 118
- Bent, Joe, 75
- Berghius, Brian, 220
- Berlin Wall, collapse, 200
- Bernanke, Ben, 173, 202
- “Better Performance” (Price), 190
- Bischoff, Charlie, 20
- Black & Decker, 10, 60, 100
- Black, Margaret Catherine Grubb, 6, 7
- Black Monday, 48–49
- Black, Samuel, 7, 40
- impact, 6–7
- Black, S. Duncan, 10
- Black Swan, The (Taleb), 198
- Black Thursday, 48
- Bogle, John C., 227
- Boland, John, 210
- Bonds
- Bonds, investment portfolio component, 176
- Bonfire of the Vanities, The (Wolfe), 178
- Borrowed money, leverage, 146
- Bowman, Donald E., 136–137
- Bretton Woods, gold meeting, 164–165
- Broadus, Thomas H., 229–230
- Brokerage reports, usage, 168
- Buchanan, James, 126
- Bull market. See Great Bull Market
- continuation, 45
- Business
- Business cycle
- Butler Road, trolley (presence), 11–12
- Calhoun, Pete, 188
- Capital
- Capitalism
- Carter, Jimmy, 170, 171
- Cash flow, occurrence, 131
- Cash requirements, 106–107
- Cash reserve, maintenance, 203
- Center for Public Integrity, 69
- Change, process, 83
- “Change: The Investor's Only Certainty” (Price), 57, 79–80, 88, 91, 95, 151, 156, 199
- Charts, usage, 32
- Chase Bank, 217
- Chase National Bank, 48
- Chautauqua, entertainment/educational model (adoption), 9
- China, total debt load (increase), 201
- Churchill, Winston, 43–44, 92
- Client bond portfolios, active management, 177–178
- Cold War, 139
- Cold War, The (Walker), 147
- Colhoun, Howard P., 157
- New Era Fund president, 161
- College for Teachers (Johns Hopkins), 89
- Collins, George J., 178–179, 181
- Common stocks
- Communication
- Communications Group, 191–192
- Companies
- Company stock
- Consumer goods, production (domination), 140
- Consumer Index (Department of Labor), inflation indicator, 160
- Consumer Price Index (CPI)
- Consumers
- Convertible bonds, portfolio, 210
- Coolidge, Calvin, 46
- Cornug, Lindsay, 19–20
- Corporate bonds, portfolio, 106
- Corporate earnings, decline, 110
- Corporate pension funds, management business, 228
- Cost of Living Index, 107
- Counter Revolution in Monetary Theory, The (Friedman), 171
- Cover, Loring A., 61
- CPI. See Consumer Price Index
- Craig, Isabella, 61, 71, 72, 94, 161
- Crash. See Stock market
- Credit risks, value (uncovering), 179–180
- Credit spreads, tightening, 224
- Croft, L. Gordon, 229
- Cuba, blockade, 146–147
- Cuban Missile Crisis, 147
- “Current Beliefs about the Future, or Interpreting Current Events” (Price), 172
- Custom software, assistance, 221
- Cyanamid. See American Cyanamid
- Dallas Federal Reserve Bank, Bernanke address, 202
- Dark new era, Price prediction, 160, 163
- Debt, increase, 202
- Decadence, term (usage), 100–101
- Deficit, U.S. government generation, 175–176
- Defined benefit pension funds, 131–132
- Defined contribution
- Depositors, losses, 50
- Depression. See Great Depression
- Dickinson College, 8
- Dickson, William K.L., 39
- Diversification
- Diversified Investment Portfolio, 76
- Dividend Growth Fund, success, 232
- Dividends
- Dodd, David, 229
- Dodd‐Frank legislation, 201
- Dollar
- Dover Road, Price home, 5
- Dow Jones Industrial Average (DJIA)
- Dreyfus Fund, controlling interest (sale), 154
- Drucker, Peter, 125
- Duke, Doris, 127
- Duke Endowment, 126
- Duke Power Company, 126
- Duke University, 230
- DuPont chemistry job (Arlington), 21, 99
- du Pont, Pierre S., 22
- DuPont, sales growth rate (sustaining), 102
- Durant, William C., 45
- Eagles Mere, annual planning meeting (1958), 118, 142
- Earning power, equalization, 84
- Earnings
- Earnings, growth, 111
- Eckerd Corporation, 148
- Economic forces (Price assessment), 80
- Economic Royalists, term (unpopularity), 83
- Economic states, reconversion, 109
- Economic trend (Price assessment), 81–82
- “Economic Trends and Current Investment Policy” (Price), 172
- Economy
- Edison Electric Company
- Edison, Thomas A., 39
- Edison United Manufacturing Company, 39–40
- Emergency Banking Act, 51
- Emory Grove, 8
- Emory, John, 8
- Employees, hiring criteria, 116
- England, land‐lease program, 92
- Equitable Trust Bank, line of credit, 159
- Equity Income Fund, launch, 229–230
- Equity mutual funds, increase, 166
- Equity performance, problems, 210
- European Union, creation, 113
- Europe, economic growth (deceleration), 152
- Europe, Hitler conquest, 92
- Excess profits tax
- Federal Government, centralization (power), 83
- Federal Reserve Bank of Dallas, conference speech, 173
- Federal Reserve, money (loaning), 46
- Federal Reserve System, interest rate structure engineering, 198
- “Fertile Fields in the Eighties” (Price), 190
- Fessenden, Reginald, 39
- Field Engineering Company, Gherky job, 39–40
- Finances, strength, 103
- Financial conservatism, Roosevelt approach, 76
- Financial health, 10
- Financial liquidity, absence (impact), 51
- Firm, building, 116
- “Firm's Goal and How We Plan to Attain It, The” (Price), 28, 56
- Fitch Group, 177, 223
- Fitzgerald, Alison, 69
- Fixed Income Division, assets supervision, 181
- Fixed income experts, forecasts, 224
- Fixed income funds, growth, 131
- Fixed income markets, change, 180
- Fixed income portfolio, management, 225
- Fixed income securities
- “Forecast for February 1945 and Beyond” (Price), 112
- Forecasts, trends basis, 85
- Foreign trade, recovery (slowness), 85
- Fort Pitt, 20, 21
- Fort Pitt Stamping & Enameling, 99
- Franklin High School, 12–13, 15
- Franklin Literary Society, 13
- Free economy, cessation, 93
- Free market, progress, 112
- Friedman, Milton, 171, 173, 202
- Friends Meetinghouse (Charles Street), 14
- Friends School of Baltimore (Park Avenue), 13–14
- founding, 14
- Front running, transgression, 231
- Full Employment Act of 1946, 160
- Fund data/accounting, processing, 227
- Fund managers, focus, 222
- GAAP. See Generally Accepted Accounting Principle
- GAARP. See Growth at a Reasonable Price
- Galbraith, John Kenneth, 46
- Gaps
- Generally Accepted Accounting Principle (GAAP) earnings, 198–199
- General Motors (GM)
- General Motors Corporation, losses, 22
- George, Austin, 130
- Germany
- Gherky, Eleanor Baily, 40
- Gherky, William D., 38, 39, 63
- Gilman School, 114
- Girard Trust Company, Price management, 76–77
- Global Equity and Global Research Groups, 232
- Global financial crisis (2007‐2008), 201
- Glyndon Elementary School, Rowe attendance, 11–12
- Glyndon: The Story of a Victorian Village, 8, 9
- GNP. See U.S. Gross National Product
- Gold
- Goldman Sachs Group, Inc., structured product creation/sale, 223
- Goodrich, G. Clem, 29
- Goucher College, 37, 40
- Government intervention, increase, 202
- Graham, Benjamin, 229
- Great Bull Market, 43
- peak, 47
- Great Crash 1929, The (Galbraith), 46
- Great Depression, 25, 98, 173, 197
- Great Inflation, 173
- Great Recession, 104
- survival, 158
- Great Society, 151, 152
- Greece, German conquest, 93
- Group think, prevention, 221
- Growth and Income Fund, launch, 229–230
- Growth at a Reasonable Price (GAARP), 230
- Growth companies
- Growth portfolio, failure, 133
- Growth Stock Fund, 76, 119
- annual results, 207
- closed‐end fund, 135
- creation, 129
- idea, 127
- decline, 208
- first offering, 124
- introduction, 131
- Investment Committee, meeting, 167–168
- launch (1950‐1960), 123
- management, 130
- net asset value per share, quotes, 136
- performance
- Price articles, 141
- shareholder reports, 207–208
- total startup cost, 129
- track records, 158–159
- Growth stock fund, performance (weakness), 207
- Growth Stock Philosophy, 6–7, 90, 97
- Growth stocks
- Growth Stocks, articles, 90
- “Growth Stocks in War Time Markets” (Price), 95
- Growth Stock Theory. See Investment
- Guaranty Trust Company of New York, 48
- Gulf of Tonkin, 149
- Hall, Robert E., 119, 127, 188–189, 192, 198
- meeting, 199
- Haloid Photographic Company (Haloid Xerox/Xerox Corporation), Growth Stock Fund investment, 137
- Hannon, John, 137, 143, 155
- Harding, Warren G., 110
- Harvard Yard, 75
- Harvey, Cub, 169
- “How T. Rowe Price Does It,” 168
- Harvey, Jr., Curran W., 143
- Have Nots, 81–82, 84, 152
- Haves, 81–82, 84
- Head and shoulders
- Head, formation, 34
- Hewlett‐Packard (HP), profitability, 104
- High debt, factors, 202
- Hillsboro Club, 142, 182, 185
- History of T. Rowe Price Associates, Inc., The, 24–25, 35, 136, 137, 155, 181
- H.J. Heinz and Company, 71
- Hoffman, Carter O., 177
- Homestead (annual planning meeting), 118
- Hoover, Herbert, 45
- term, ending, 51
- Hopkins, Ann D., 40
- Hopkins, Henry H., 191–192
- Houston Natural Gas Corporation, founding, 29–30
- Houston Oil, sale, 30
- “How T. Rowe Price Does It” (Harvey), 168
- H&R Block, Inc., 148
- Humphrey‐Hawkins Full Employment Act, 172
- “Identity Crisis at T. Rowe Price,” 210
- Income fund, funds deposit, 204
- Individual retirement accounts (IRAs)
- Industrial production
- Industry socialization, increase (Price opinion), 86
- Inflation
- Integrity, importance, 116
- Intelligent research, 103
- Interest‐bearing mortgage notes, importance, 36
- Interest rates
- International diversification, impact, 203
- Internationalism, impact, 96
- Internationalization, trend, 112
- Internet
- “Investing for Future Growth of Income and Market Value” (Price), 104
- Investment
- Investment Company Fact books, 131
- Investment Management Department
- Investment Policy Committee, 191
- Investment trusts, formation, 46–47
- “Investor Faces War, Peace, and Inflation, The” (Price), 95
- Investors, certainty, 79
- “Invest with Confidence” motto, 227
- IOUs, money substitute, 51
- iPhone business, 104
- Isolationism, replacement, 96
- Labor relations, Price education, 20–21
- Lamont, Thomas W., 48
- “Laser Beam Effect, The” (Schaeffer), 170
- Late trading, 231
- Legg, Bill, 31, 59–60
- Rowe meeting, 60–63
- Legg, John C., 30–31, 36
- Lehman Brothers, failure/bankruptcy, 223
- Lewis, Michael, 178
- Liar's Poker (Lewis), 178
- Liberalism, long‐term current (force), 199–200
- “Life Cycle Theory of Investing, The” (Price), 100–101
- Lipper Average, performance, 214, 215
- Liquidity, collapse, 50
- Little Lord Fauntleroy (electrical lighting), 40
- Living expenses, 87
- Load mutual funds, sales charges, 131
- Loan, collateralization, 146
- “Long Look Ahead, The” (Price), 152–153
- Long‐term bonds, money loss, 176
- Long‐term growth, addition, 167
- Long‐term social trends, addition, 86
- Long‐term Treasuries, purchase, 191
- “Looking Toward a Post‐War Economy” (Price), 96
- Loring Cover, 114
- Lucas, Mary Jane, 186
- Lynch, Edmund C., 10
- M2 money growth, acceleration, 171, 175
- Mace, Nancy L., 186
- Mackubin, George, 29
- Mackubin, Goodrich, and Company, 29, 35, 43
- Mackubin, Legg & Co., 55
- Madoff, Bernie, 25
- Management‐employee relationships, 103
- Management, Price emphasis/assessment, 101
- Market cycle, shares (holding), 100
- Market timing, inconsistency, 130
- Marshall, George C., 112
- Marshall Plan, Truman signing, 112–113
- Martin, Glenn L., 60, 115
- Maryland National Bank, 159
- Material shortages, 103
- Mathias, Edward J., 226–227
- McCoy College, 143
- McHugh, Paul R., 185
- McKnight, William L., 136
- McNamara, Robert, 147
- Mehler, Ralph, 19
- Mellon, Andrew, 47
- Mercantile‐Safe Deposit and Trust Company, 159
- Merchants Club, 130, 153
- Merchants' National Bank, 114
- Mies van der Rohe, Ludwig, 145
- Miller, Edward Kirkbride, 118
- Miller II, J. Jefferson (Price meeting), 95
- Miller, Jeff, 145
- Miller, Kirk, 135–136
- Millipore Corporation, 148
- Mitchell, Charles E., 46–48
- Model accounts, Price establishment, 76
- Model Growth Portfolio, dividend income (increase), 105
- Model Growth Stock Portfolio, 98
- Money supply, government control, 176
- Monsanto Chemical Company, 93
- Montgomery Ward, expansion delay, 110
- Moody's Investors Service, 177, 223
- Moore, Dinty, 60
- Morgan Guaranty Trust Company, 126
- Morgan Stanley, structured product creation/sale, 223
- Morgenthau, Henry, 113
- Mortgage and Realty Trust (MRT), bankruptcy, 217
- Mortgage bonds, importance, 36
- Mortgage market, importance, 36
- Mount Vernon Bridge Company, 74–75
- Mutual Fund Division, responsibility, 227
- Mutual funds
- “My Program for Preparedness Has Been Completed” (Price), 156
- NASDAQ, National Association of Securities Dealers maintenance, 144
- National Aeronautics and Space Administration (NASA)
- National banking system, regulation (problems), 50
- National City Bank (Citibank), 46, 48
- National economic planning, program (imposition), 83
- National Mechanics' Bank, 114
- Natural resources
- Neckline, 34
- Net Neutrality, 201
- New Deal
- New Deal program, 51
- “New Era for Bond Investors, The” (Price), 175, 177
- “New Era for Investors, The” (Price), 159, 202
- New Era Fund, 119, 158
- New Horizons Deal, initiation, 142
- New Horizons Fund (NHF)
- New Horizontal Fund, 148
- New York Stock Exchange (NYSE)
- high level, 146
- New York Stock Exchange (NYSE), price quote, 24
- NHF. See New Horizons Fund
- Nifty fifty, 207
- Nixon, Richard M., 164, 165
- Northwestern Bell, pension fund (securing), 179
- Norwitz, Steve, 183
- “Notes on the Economic Trend and Investment Policy” (Price), 163
- Obama, Barack, 202
- Ohio State University, 74
- “Opportunity Versus Accomplishment” (Price), 110
- Optical Scanning Corporation, 148
- Organization of the Petroleum Exporting Countries (OPEC), oil price (increase), 165–166
- “Outlook for 1983 and Beyond” (Price), 192
- Overbeck, Catherine, 46, 60
- “Overlook for 1983 and Beyond, The” (Price), 210
- Over‐the‐counte stocks, trading, 27
- Overvaluation, reoccurrence, 212
- Owings Mills, 226, 231
- Paper dollars, impact, 96
- Parrish Hall, 15
- Partner agreements, commonness, 55
- Patients, treatment, 10–11
- Pearl Harbor, Japanese invasion, 934
- Peerce's Plantation, 117
- Peerce's Restaurant, 127–128
- Pension assets, reserve value, 126
- Pension Benefit Guaranty Corporation, responsibility, 132
- Pension Fund Revolution, The (Drucker), 125
- Pension funds
- Pension plans
- Performance funds, 168
- “Performance: T. Rowe Price Growth Stock Fund versus Model Portfolios,” 106
- Perkins, Thomas L., 126–127
- “Picking Growth Stocks for the 1950s” (Price), 133
- Pink sheets, usage, 24, 144
- Poland, Hitler invasion, 91
- Political dictator, impact, 83
- Political forces (Price assessment), 80
- Political trend (Price analysis), 81
- Portfolio managers
- Portfolio statistics, 211
- Postwar business boom, cessation, 163
- Postwar economy
- Postwar inflation, concern, 95–96
- Postwar world, economic push, 96
- Power, centralization (impact), 83
- Precious metals, economic haven, 161
- Preferred stock, impact, 47
- Price, Benjamin F., 4
- Price, Eleanor, 36, 113, 182, 226
- Price, Ella Stewart Black, 3, 4, 11
- Price, Gahring, 6
- Price Inflation Fund, 76
- Price IV, Thomas Rowe, 187
- Price, Jr., Thomas Rowe
- Price, Mary A. Harshberger, 4
- Price, Mildred, 6, 11, 15, 187
- supervision, 12–13
- Price, Richard Baily (adoption), 41
- Price, Thomas Rowe, 3, 4
- “Areas of Concern, 1/27/60,” 152
- “Better Performance,” 190
- bond salesman job, 55–56
- bulletin update (1963), 85–86
- business, focus (ability), 57
- “Change: The Investor's Only Certainty,” 57, 79–80, 88, 91, 95, 151, 156, 199
- chemistry job, 20
- chemistry major, 15
- clients
- company establishment, 57
- company interest sale, 156
- “Current Beliefs about the Future, or Interpreting Current Events,” 172
- death, 187, 193
- DuPont chemistry job, 21
- “Economic Trends and Current Investment Policy,” 172
- “Fertile Fields in the Eighties,” 190
- “Firm's Goal and How We Plan to Attain It, The,” 28, 56
- “Forecast for February 1945 and Beyond,” 112
- Gherky marriage/honeymoon, 37, 44
- gold stocks, position (increase), 189
- graduation pictures, 15–16
- “Growth Stocks in War Time Markets,” 95
- growth stocks list, publication, 100
- Health Officer for Baltimore County, 11
- home, 5
- “Investing for Future Growth of Income and Market Value,” 104
- investor ability, 25
- “Investor Faces War, Peace, and Inflation, The,” 95
- job loss, 22–23
- Johns Hopkins University, Growth Stocks speech, 103
- Kidd perspective, 133, 141
- lease, signing, 69
- Legg meeting, 60–63
- “Life Cycle Theory of Investing, The,” 100–101
- “Long Look Ahead, The,” 152–153
- long‐term social trends, addition, 86
- “Looking Toward a Post‐War Economy,” 96
- Mackubin, Legg & Co. resignation, 63, 68
- majority ownership, payment, 159
- mannerisms, 59
- medicine bottles, 6
- Miller II meeting, 95
- model accounts, performance, 141
- “My Program for Preparedness Has Been Completed,” 156
- near‐death experience, 154
- New Deal objections, 56
- “New Era for Bond Investors, The,” 175, 177
- “New Era for Investors, The,” 159, 202
- new funds, investment outline, 157
- “Notes on the Economic Trend and Investment Policy,” 163
- opportunities, 57
- “Opportunity Versus Accomplishment,” 110
- “Outlook for 1983 and Beyond,” 192
- “Overlook for 1983 and Beyond, The,” 210
- partnership idea, 89
- performance, record, 77
- personal life, Gherky organization, 40
- physical maturation, 15–16
- “Picking Growth Stocks for the 1950s,” 133
- research trip, 90–91
- responsibilities, expansion, 59
- sales pitch, 20–21
- sole proprietorship, 71
- “State Capitalism,” 88, 173
- stockbroker position, 24
- stock, sale, 153–154
- “Stocks for the Mid‐'80s,” 199
- student ability, problem, 13
- Swarthmore College junior/senior photos, 16, 17
- “This Is No Time to Be Panicky,” 91
- track records, 77
- “War Babies, The,” 91
- “War on Capitalism and the Investor's Battle for Survival,” 92
- water metaphor, 79–80
- “We're Off to See the Wizard,” 25
- “What Growth Stocks Have Done for Us,” 91, 99–100
- “What Growth Stocks Have Taught Us,” 111
- “What Is a Share in a Business Worth?,” 99
- “Why Buy Stocks Now?,” 93
- “Why T. Rowe Price Likes Gold,” 190
- “Why We Advocate Greater Liquidity at the Present Time,” 91
- Prime Reserve Fund
- conservative management, 225
- Principal, protection, 106
- Private capitalism, 88
- Private debt, rating, 223
- Privilege, 82
- Proctor and Gamble, 158
- Product transitions, 103
- Profit
- Profitability, reduction, 101
- Prohibition Party, temperance summer camp, 9
- Public debt, rating, 223
- Public Works Administration (Maryland), 69
- Pyramid scheme, 25–26
- Rabins, Peter V., 185–187
- Radio Corporation of America (RCA), stock level, 45
- Railway Track‐Work Company, organization, 40
- Ramsay, John, 119, 130
- Ramsay, Jr., John, 113
- Ramsay, Sr., John, 113
- Raskob, John Jakob, 22, 45
- Reagan, Ronald, 171, 172
- Real estate, price (increase), 23
- Recapture agreement, 217
- Recession
- Reconstruction Finance Corporation (RFC), creation, 55
- Reconversion, 109
- impact, 110
- Regan, Donald, 172
- Regulation, taxation (usage), 84
- Reisterstown, 8, 12
- “Report to the Advisory Committee of the Growth Stock Fund,” 137
- Resistance level, 34
- Retirement funds
- Return on invested capital, 102
- Revenue Act of 1978, 132
- RFC. See Reconstruction Finance Corporation
- Riepe, James S., 191, 226–228, 230–231
- Risk measure, 107
- Robert Fleming Holdings, Ltd., 217
- Roche, George A., 158, 165, 184, 215–217, 224
- Rogers, Brian, 222–223, 229–230
- Roland Park Company, mortgages (financing/selling), 36
- Roosevelt, Franklin Delano, 51, 164
- Roosevelt Recession, 76
- Ross, Richard S., 185
- Rowe III, Thomas (adoption), 41
- Rowe Price‐Fleming International, total ownership (assumption), 217–218
- Rowe Price Management Company, 144
- Sales fees, absence, 131
- Sales growth, 111
- rate, sustaining, 102
- Savings account, shopping, 102
- Schaeffer, Charlie, 175–176
- Schaeffer, Pete, 117
- Science/technology, investment area, 157
- Scientific current, 96
- Scrip, money substitution, 51
- Sears, Roebuck (success), 110
- Seaview Country Club (annual planning meeting), 118
- Sector funds, launch, 230
- Securities and Exchange Commission (SEC), 129
- Semans, Truman T., 59
- Sener, Jr., Joseph Ward, 31
- Seniority, reward, 124–125
- Senner, Joe, 60
- Shaeffer, Charles W., 58, 70, 73
- Shaeffer, Peter, 71
- Shaeffer, Ruth, 94
- Sharpsville Historical Society, 19
- Shepard, Alan, 140
- Short, execution, 31
- Shorting, stock trading strategy, 31
- Short‐term government bonds, usage, 106
- Short‐term trading, results, 131
- Small Cap Value Fund, initiation, 230
- Smith, Lockhart (bankruptcy), 25–26
- Smyser, Ruth, 71
- Social forces (Price assessment), 80
- Socialism, placement, 134
- Socialization, impact, 96
- Social trend (Price analysis), 80–81
- Soviet Union, Hitler invasion, 94
- Sperry Corporation, 90
- pension fund, 91
- Sputnik, launch, 139–140
- Stagflation, 167
- Stamping Co. (Pennsylvania), 21
- Standard & Poor's 500 Composite Stock Price Index, Vanguard computer program (relationship), 227
- Standard & Poor's Financial Services, 177, 223
- State capitalism
- “State Capitalism” (Price), 88–89, 173
- State Street Bank and Trust Company, 226
- Stockholder agreement, 216
- Stock market
- breaks, 49
- corporation investment, 50
- crash, 43
- impact, 50
- deceleration, 44–45
- decline, 25–26, 49
- expectation, absence, 110
- direction, guessing, 130–131
- post‐crash (1930‐1937), 53
- Price interest, 23
- rally, 44
- rise, 96
- soundness, Coolidge statement, 46
- support, easy money (usage), 45
- volatility, 47–48
- Stocks
- “Stocks for the Mid‐'80s” (Price), 199
- Stromberg, Bill, 214, 230, 232
- Structured notes, writing off, 223–224
- Support and resistance levels, stock chart, 34
- Swarthmore College
- Taleb, Nassim Nicholas, 198
- Tangible assets, emphasis, 157
- Target date funds, 231
- Taxation, increase, 85
- Taxes, increase, 202
- Tax‐free bonds, portfolio, 106
- Tax‐Free Fund, asset accumulation, 180
- Tax‐free funds, usage, 77
- Taylor, Eleanor, 10–11
- Technical tools, usage, 32
- Tesla, Nikola, 39
- Testa, M. David, 183
- “This Is No Time to Be Panicky” (Price), 91
- Time credits, 89
- Total market capitalization, 142
- Total return, concept, 179
- Trade publications, usage, 168
- Traders, losses, 323
- Trading
- Troll, Susan G., 224, 225
- “T. Rowe Price: A Legend in the Investment Business,” 14
- T. Rowe Price and Associates (TRP)
- accounting book, 88
- annual planning meetings, 118
- change (1965‐1971), 151
- creation, 67
- employees, hiring criteria, 116
- expenses, reduction, 94–95
- medium‐sized investment counsel, 133
- name change, 155–156
- office (One Charles Center), 145, 182, 184–185
- off‐site events, professionals (invitation), 119–120
- optimism, 87
- postwar era (1945‐1950), 109
- Price
- profitability, 116
- publicity, 140–141
- sales fees, absence, 131
- staff, loss, 94–95
- Statistical Department, 71
- success, 144
- transitions (1960‐1968), 139
- World War II (1938‐1942), 87
- T. Rowe Price Associates, 155–156
- “T. Rowe Price Story, The,” 115, 136
- TRP. See T. Rowe Price and Associates
- Truman, Harry S., 109
- economy, health, 111
- Trust factor, 180–181
- Trust, holding, 47
- Turnover rate, maintenance, 130
- Unbalanced purchasing power, impact, 82
- Unemployment rate, decrease, 112
- University of Maryland, 10
- U.S. equity funds, objectives, 211
- U.S. Equity Funds, performance, 215
- U.S. government, deficit generation, 175–176
- U.S. Gross National Product (GNP)
- U.S. stocks, Price selection, 134
- U.S. total debt load, 201–202
- U.S. Treasury Department, credit, 88–89
- Wakeman, John, 220
- Walker, Martin, 147
- Wall Street Journal, 21, 34, 48
- Wal‐Mart, Inc., position acquisition, 148–149
- Walper, Marie, 58, 70, 184
- War Babies, sale, 91
- “War Babies, The” (Price), 91
- “War on Capitalism and the Investor's Battle for Survival” (Price), 92
- Wartime bear market, bottoming, 96
- Washington, Martha, 29
- Watson, Thomas, 136
- Wealth
- Welfare state, placement, 134
- Wendover Road home, 53, 113, 119
- “We're Off to See the Wizard” (Price), 25
- Wesleyan College, 8
- West Diamond Street Townhouse Historic District (Philadelphia), 37–38
- Western Maryland Rail Road, 8, 11
- Western Maryland Railway, 8
- Western Maryland Station, 10
- Westinghouse Electric Corporation, 39
- Westinghouse Electric, work (Turtle Creek), 19
- Westinghouse, George, 39
- “What Growth Stocks Have Done for Us” (Price), 58, 99–100
- “What Growth Stocks Have Taught Us” (Price), 111
- “What Is a Share in a Business Worth?” (Price), 99
- “When Will Japan's Debt Crisis Implode,” 201
- Whitney, Richard, 48
- “Why Buy Stocks Now?,” 93
- “Why T. Rowe Price Likes Gold” (Price), 190
- “Why We Advocate Greater Liquidity at the Present Time” (Price), 91
- Wiesenberger, Arthur, 207
- Wiese, Ted, 225
- Wilcox, Jean, 9
- William D. Gherky Trust Fund, origination, 76–77
- Wilson, Charles E., 1254
- Wolfe, Tom, 178
- Woman's Club of Glyndon, 11
- World affairs, long‐term trend, 112
- World War I, recession, 110
- World War II, T. Rowe Price (relationship), 87
- Wright, James, 172
- Wright‐Patterson Field, 94, 114
- Xerox Corporation, 137
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