Understanding Michael Price’s Portfolio ManagementMichael Price had a long and successful investment career. After earning his B.A. he accepted a job in Heine Securities in 1974. He became a full partner in 1982, and after Heine died in 1988 he took over as a chairman and a president. He was known for his value investing principles, but he wasn’t shy of adopting an activist stance if needed. Understanding Michael Price’s portfolio management demands a deep analysis of his career. After his death, his firm, MFP Investors continued to work in a lower capacity. Their AUM went from $937 million in…