Acknowledgments

First, I would like to thank the many individuals at T. Rowe Price, both active and retired, whom I interviewed for this book. They were uniformly professional and pleasant, a hallmark of the firm's personality when I joined it nearly sixty years ago. I also thank the others who gave me advice, helped with the editing, and answered critical questions during the course of writing this book.

I am indebted to Mr. Price's son, Thomas Rowe Price III, who reviewed some of the early family history in the book and explained a little about the farm where Charles “Charlie” W. Shaeffer and Mr. Price developed plans for the company's future.

I have mentioned Bob Hall in the foreword; he was my major contributor, friend, and support, particularly when problems arose that might have ended the project.

George A. Roche was also a major contributor and friend throughout, sharing commonsense advice as well as his insight into the thinking of Mr. Price, with whom he was close, particularly in Mr. Price's declining years.

Austin George, who graduated from Princeton a year before I did and joined the firm in 1959, also a year before me, was the fourth member of our small informal group who saw the project through from beginning to end and added thoughtful input, particularly on the early days of the firm and from his position as head of equity trading.

Joseph A. Crumbling, Chief of Staff, Office of the President and CEO, patiently stewarded the project through the alleys and byways of the company's administrative structure and is owed special thanks.

After his many years as a T. Rowe Price research analyst and portfolio manager, thanks to Preston Athey for his patient and thorough editing of the book after its initial completion, with his in‐depth knowledge of the firm and the people mentioned in the book.

A special thanks to Jim Kennedy, who got behind the book project at its inception and provided excellent advice along the way. Jim retired as CEO and president of T. Rowe Price halfway through the writing of the book. He was succeeded by Bill Stromberg, who was also a great help, particularly in the writing of the epilogue, which is about the Price firm of today.

Truman Seamans' amazing recall of his 70 years at the epicenter of Baltimore business was a great help in understanding the people and organizations that made it all work.

I also want to acknowledge Theresa Brown, who transcribed hours of my dictation and worked through the difficult task of interpreting my handwriting to produce a first draft.

Karen Malloy was the first statistician for the New Horizons Fund and came out of retirement to develop the statistics found in Chapter 17, which required many hours of compiling ancient financial data.

Kate Buford also edited the book, having written biographies herself. She managed to maintain her calm and good advice despite my less than deferential remarks when I found some of my “best” passages on the cutting room floor.

Steve Novak put his skills as a former analyst for Naval Intelligence and his passion for genealogy and biographical research to good use in performing a great deal of the research and fact checking, as well as developing the annotations for the book.

I am indebted to Richard (Rich) Wagreich, who, with his background at Goldman Sachs and the Federal Reserve, and his experience at T. Rowe Price, helped me with many of the economic statistics used in the book.

Also, my unofficial editor, Stephanie Deutsch, devoted many hours in instructing me in the fine art of the biography. She is an excellent biographer in her own right.

A special thanks to Ann O'Neill, a long‐time resident of Glyndon and expert in its history.

All that said, any errors in this book are mine alone.

Finally, but most importantly, I am grateful to my wife, Ann, who reorganized our lives for the last five years to allow me the time to devote to this book.

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