Checking in on China Templeton Trade
In late February, I created a basket of Chinese small-cap stocks that I thought would be ripe for a Templeton-type stock trade.
For the uninitiated, this trade is named after Sir John Templeton, one of the greatest investors of the twentieth century. Back in 1939, when Europe was mired in a political and economic crisis (sound familiar?) and the stock market was in disarray, Templeton bought shares in 104 companies trading below $1 a share. Some of those companies were bankrupt at the time Templeton invested in them. In the end, the winners outperformed the losers and Templeton nearly quadrupled his money....475 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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