Michael Price: Biography, Career, and Business Insights

Michael Price’s Profile Summary

Company	MFP Investors
Position	President and Managing Partner of MFP Investors LLC, a New York-based hedge fund that he founded in 1998 after stepping down from Franklin Mutual Series
Source of wealth	Investment management fees from MFP Investors, performance fees from Franklin Mutual Series, investments across various sectors.
Also known as	Philanthropist, Trustee, Activist Investor.
Years of life	03.07.1951 - 14.03.2022
Education	University of Oklahoma - Bachelor's Degree in Business Administration
Citizenship	United States
Residence	Bay Head, New Jersey, USA
Family	Michael Price was married to Jennifer Price, and together they had four children
Website, Social Media	https://www.linkedin.com/company/mfp-investors-llc

Biography

Michael F. Price was born on July 3, 1951, and was widely recognized as a legendary value investor. He graduated from the University of Oklahoma in 1973 with a degree in business administration. His investment career began in 1975 when he joined Max Heine’s Mutual Series Fund, where he honed his skills in value investing. Price eventually took over the fund, leading it to significant success, particularly through activist investing. In 1996, he sold the fund to Franklin Templeton Investments, yet continued to manage it for a time. Two years later, Price left Franklin Templeton to establish his own hedge fund, MFP Investors LLC, where he managed over $1 billion in assets. Throughout his career, Price was known for his ability to identify undervalued companies and drive change. A dedicated philanthropist, Price made substantial contributions to educational and medical institutions, including the University of Oklahoma and the Albert Einstein College of Medicine. He passed away on March 14, 2022, at the age of 70, leaving behind a legacy in both finance and philanthropy.

How did Michael Price make money?

Michael Price makes money in the following areas:

Investment management fees from MFP Investors, performance fees from Franklin Mutual Series, investments across various sectors.
What is Michael Price net worth?

As of 2026, there is no publicly available and reliable information regarding Michael Price’s net worth.

What is Michael Price also known as?

Michael F. Price was widely recognized not only as a successful value investor but also as a significant philanthropist. He generously supported educational and medical institutions, including the University of Oklahoma, to which he donated millions, and the Albert Einstein College of Medicine, where the Michael F. Price Center for Genetic and Translational Medicine is named in his honor. Price was also a longtime trustee at various organizations, including the University of Oklahoma and Einstein College, where he held leadership roles on the investment committee. His activism in investing was legendary, particularly for his hands-on involvement in restructuring undervalued companies to maximize shareholder value.

Prominent achievements

Michael Price's career highlights include becoming the president and chairman of Mutual Series after Max Heine's death, leading one of the most successful value-oriented funds of his time. He was instrumental in pushing for significant changes at major companies like Chase Manhattan Bank. In philanthropy, Price donated tens of millions to institutions such as the University of Oklahoma and Albert Einstein College of Medicine. He is also remembered for his substantial contributions to value investing practices

What are Michael Price’s key insights?

Michael Price was a staunch advocate of value investing, following in the footsteps of his mentor Max Heine. He believed in rigorous independent research, often avoiding Wall Street consensus. Price focused on buying undervalued stocks and then actively engaging with management to unlock value. He was also opposed to dividends, preferring companies to reinvest profits or buy back shares to increase long-term value

Personal life

Michael Price was married to Jennifer Price, and they had a family of four children. The couple raised their children while maintaining their summer residence in Bay Head, New Jersey. Michael was known for being a devoted family man

Useful insights

Decision-making and success

Making the right decisions at the right time is often what sets successful people apart. Drawing on the experience of Ray Dalio, founder of Bridgewater Associates, here are some key lessons for improving your decision-making and achieving long-term success.

Create a decision-making framework

Ray Dalio advocates for a clear, principles-based approach to decision-making. Establish a set of guiding principles that you consistently apply when faced with choices. This will help you stay focused and avoid emotional or impulsive decisions.
Embrace transparency and open feedback

Dalio’s philosophy of radical transparency is about creating an environment where honest feedback is encouraged. Whether in your career or personal life, being open to criticism and maintaining transparency will help you grow and make better decisions.
Prepare for risks and manager them wisely

Success isn’t just about making the right moves—it's also about managing risks effectively. Always consider worst-case scenarios and have a plan in place to navigate them. Risk management is a crucial part of any decision-making process.