One notable name among growth investors is Thomas Rowe Price, Jr., who is known as the father of growth investing. In 1950, Price set up the T. Rowe Price Growth Stock Fund, the first mutual fund to be offered by his advisory firm, T. Rowe Price Associates. This flagship fund averaged 15% growth annually for 22 years. Today, T. Rowe Price Group is one of the largest financial services firms in the world.
Philip Fisher also has a notable name in the growth investing field. He outlined his growth investment style in his 1958 book Common Stocks and Uncommon Profits, the first of many he authored. Emphasizing the importance of research, especially through networking, it remains one of the most popular growth investing primers today.
Peter Lynch, manager of Fidelity Investments’ legendary Magellan Fund, pioneered a hybrid model of growth and value investing, which is now commonly referred to as “growth at a reasonable price” (GARP) strategy.