Uploaded August 2025 | Updated September 2026, 1 week ago

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T. Rowe Price CEO Robert Sharps speaks with David Rubenstein about the rise of index funds (now over 60% of US equity assets managed passively) while maintaining confidence in active management's ability to outperform over time. He also shares insights on expanding into private markets, the rapid growth of ETFs, and why he sees the US economy as resilient despite tight monetary policy. Sharps, who joined T. Rowe Price in 1997 as an equity research analyst, has risen to CEO, overseeing $1.6 trillion in assets. This interview was recorded July 8 in Baltimore, Maryland.

DISCLOSURE: T. Rowe Price is the exclusive investment and wealth management sponsor of the Baltimore Orioles. David Rubenstein is the Chairman, CEO, and principal owner of Major League Baseball’s Baltimore Orioles.

Chapters:
00:02:39 - What is a Mutual Fund?
00:12:20 - T. Rowe Price History
00:13:46 - Early Life
00:19:32 - Advice
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