David Giroux: 'What Are the Market Inefficiencies We Can Exploit?'

<p><p><strong>Background</strong></p></p><p><p><a href="https://www.troweprice.com/financial-intermediary/us/en/search.html/biokey/3616ee1e-20a0-48e6-840b-748b73b32d6c">Bio</a></p></p><p><p><a href="https://www.morningstar.com/funds/xnas/prwcx/quote">T. Rowe Price Capital Appreciation</a></p></p><p><p>“<a href="https://newsroom.morningstar.com/newsroom/news-archive/press-release-details/2013/Morningstar-Announces-2012-US-Fund-Manager-of-the-Year-Award-Winners/default.aspx">Morningstar Announces 2012 Fund Manager of the Year Award Winners</a>,” by Scott Burns, Morningstar.com, Jan. 3, 2013. </p></p><p><p>“<a href="https://www.morningstar.com/articles/844771/announcing-morningstars-2017-us-fund-managers-of-the-year">Announcing Morningstar’s 2017 U.S. Fund Managers of the Year</a>,” by Laura Pavlenko Lutton, Morningstar.com, Jan. 28, 2018</p></p><p><p>“<a href="https://www.morningstar.com/articles/1009379/this-fund-manager-is-among-the-greats">This Fund Manager Is Among the Greats</a>,” by Leo Acheson, Morningstar.com, Dec. 2, 2020.</p></p><p><p><strong>Outlook/Forecast</strong></p></p><p><p>“<a href="https://www.troweprice.com/personal-investing/resources/insights/global-market-outlook.html">2021 Global Market Outlook: Managing to the Other Side</a>,” by David Giroux, Justin Thomson, and Mark Vaselkiv, troweprice.com, Dec. 14, 2020.</p></p><p><p> “<a href="https://www.marketwatch.com/story/these-16-stocks-figured-prominently-in-this-39-billion-fund-managers-strategy-as-markets-dove-in-march-2020-06-03">What it’s Like to Buy $9 billion in Stocks During a Market Crash—This Fund Manager Did Just That</a>,” by Philip van Doorn, marketwatch.com, June 4, 2020.</p></p><p><p><strong>Reorganization</strong></p></p><p><p><a href="https://troweprice.gcs-web.com/static-files/14893765-5557-4e89-aaa2-ce07367ec003">T. Rowe Price Investment Management Overview</a></p></p><p><p>“<a href="https://www.morningstar.com/articles/1011769/is-t-rowes-split-a-smart-way-to-handle-growth">Is T. Rowe’s Split a Smart Way to Handle Growth?</a>”