By the mid-1930s, Price had risen to the head of investment for the firm MacKubin, Legg and Co. (a precursor to present-day investment firm Legg Mason), but found himself continually clashing with his colleagues who focused on commission-based value investing.
In the late 1930s, Price took charge of investments at MacKubin, Legg and Co., a predecessor to Legg Mason, yet he consistently found himself at odds with his coworkers who focused on profit-driven value investing.