Happy Birthday, Sir John
Wednesday would have been the 100th birthday of investing legend and philanthropist John Templeton. He built a fortune using an international approach to value investing and offering successful investment products to the general public from his family of mutual funds. I have used his investing ideas and wisdom throughout my career and would be pleased to have a fraction of his long-term success. He was also a generous man who did much to leave the world much better than he found it. I hope I am able to say the same someday.
I am fond of quoting some of Templeton's maxims and use them often in my search for cheap stocks. You cannot outperform the market by doing what everyone else is doing. You need to buy when others sell, and sell when your friends and neighbors are excited buyers. (It is not easy to do this as it goes against you basic instincts.) While buying at the point of maximum pessimism requires great courage, investors will be rewarded with great profits. Last, the search for value should be international in scope to present the greatest number of opportunities....529 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.