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Jonathan Bell Lovelace

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Jonathan Bell Lovelace (1895 – 1979) 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. His son, Jonathan Lovelace Jr., currently runs the companies.

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