Choose Profits Over Popularity
I spent much of the weekend surfing around the world web and catching up on some recreational reading. Once the mandatory read of Barron's and the Wall Street Journal were out of the way I had ball games to watch and hurricanes to track all weekend. In the midst of all my surfing and viewing, I came across a page that outlined the investing philosophy and maxims of the legendary investor Sir John Templeton.
I have often quoted one of his maxims here on Real Money. The idea of buying at the point of maximum pessimism has led to uncovering solid opportunities in natural gas as well as troubled European nations including Ireland, Spain and Italy in the past couple of years. When it seems that absolutely no one thinks a sector, nation, commodity or other asset will ever rise again, it is usually near enough to a bottom that long-term investors can start buying. As powerful and profitable as that one maxim is, Sir John had 21 others -- and some are just as important for long-term investment success....503 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.