Michael Price is a well-known value investor who gained recognition in the 1990s for his successful investments in distressed companies.
He is known for his patient and disciplined approach to investing, which involves buying stocks at a discount to their intrinsic value and holding them for the long term.
Price learned his trade under another value legend, Max Heine, who ran the Mutal Shares mutual fund. When Heine passed away in 1998, Price took over the management of the fund (it was sold to the asset management giant Franklin Resources in 1996).
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Heine developed a style of value investing with risk minimization at its...
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