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Thomas Price
Investors and Entrepreneurs

Investor Thomas Price: A business success story

06.01.2021
2 min read

How did Thomas Price succeed in the investment world?

Thomas Price represents an era of old-school investors who had their own approach but were able to adapt to changing conditions. With this quality, Price was able to achieve success and come out with minimal losses, even in difficult times.
The investor was born in 1898 in a small village in the family of a doctor. After graduating from school, Thomas decided to go to college to study chemistry. After his studies, he worked for a while in a specialty, but soon realized that chemistry was not as attractive to him as analysis of companies, financial statements and market characteristics.
To learn more about specifics, Thomas got a job as a clerk at a brokerage company. His main area of activity was advising clients on securities acquisitions. In addition, the young man was doing stock market reviews. Having gained a little experience, Pryce suggested to the firm’s management to create a separate division, which was engaged in the search and analysis of companies that implemented innovative technologies. The department’s line of business could not provide instant profit, and the owners closed it down. Thomas Price then decided to develop on his own and started his own business.
His first investment fund appeared in 1950. A large proportion of its assets were donated by clients for their children. Price’s firm was in charge of managing these securities. The business was facilitated by U.S. law, which allowed the transfer of gifts, the amount of which was up to 3 thousand dollars. Thomas was able to attract a large number of such contributions for modest sums of money, and in the end collected quite good capital, which he successfully managed.

Thomas Price

Gradually Price managed to bring the fund to high profit margins, it earned credibility with clients and competitors. In 1960, the investor decided to open another fund, the scope of which was to analyze small companies in order to highlight promising options. Despite the good idea, this enterprise did not bring the expected result, but a few years later the fund justified itself and its clients received high dividends. By 1968, investing in small businesses had become extremely popular, and the businessman’s fund was more relevant than ever. At a certain time, there were so many people willing to invest so much money that they had to stop considering applications.
Thomas Price was a good analyst who felt the market and knew what he needed. In the 70s, he was able to predict inflation and interest rate increases. In order not to lose money, the investor switched to the stocks of the companies that were mining resources in time. In addition, he conducted operations with gold, bought and sold government bonds.

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Chaslau Koniukh

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Chaslau Koniukh – an expert in marketing and project management, IT consulting, international investments, investor, financial analyst. A commodity trader, private consultant, entrepreneur, lecturer, author of several articles on the stock market.

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