Jonathan Bell Lovelace
Encyclopedia
Jonathan Bell Lovelace was the founder of The Capital Group Companies. He grew up in Brewton, Alabama
and attended Auburn University
. Lovelace spent most of the 1920s at a Detroit banking/brokerage firm, developing his investment research techniques and earning impressive results. By 1929, before the stock market crash, he could see no logical relationship between stock market prices and their underlying values, so he sold his interest in the firm, took his investments out of the market and moved to California. Lovelace founded Capital Research and Management Company in 1931.
Brewton, Alabama
Brewton is a city in Escambia County, Alabama, United States. At the 2000 census the population was 5,498. The city is the county seat of Escambia County.-History:...
and attended Auburn University
Auburn University
Auburn University is a public university located in Auburn, Alabama, United States. With more than 25,000 students and 1,200 faculty members, it is one of the largest universities in the state. Auburn was chartered on February 7, 1856, as the East Alabama Male College, a private liberal arts...
. Lovelace spent most of the 1920s at a Detroit banking/brokerage firm, developing his investment research techniques and earning impressive results. By 1929, before the stock market crash, he could see no logical relationship between stock market prices and their underlying values, so he sold his interest in the firm, took his investments out of the market and moved to California. Lovelace founded Capital Research and Management Company in 1931.