Stealing Michael Price's Ideas

By

Tim Melvin

 | Aug 19, 2014 | 3:00 PM EDT
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Before we move on from Form 13F filings, I have one more to cover. Back when I first started in this business, Michael Price was a rock star investor. He started with legendary value investor Max Heine and took over the firm and the management of the Mutual Series Fund when Mr. Heine died in 1988. Price racked up some pretty impressive returns and was one of the first mutual fund managers to take an activist approach and go head-to-head with management.

He got a lot of press and was the darling of the financial media at the time. He sold the firm to Franklin Templeton (BEN) in 1996, stepped down as fund manager in 1998 and left the firm for good in 2001. Since then he has been out of the spotlight, running his own money as well as a few clients at MFP Investments. Although no longer in the spotlight, he didn't lose his investment acumen; I have been happily stealing his ideas for fun and profit for years now....552 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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