Bull Markets
December 22, 2012 Leave a comment
For Whom Wealth Matters
Filed under Paper Assets, Tool Kit Tagged with bull market, bull market phases, Bull market quote, euphoria, optimism, pessimism, postaday, Sir John Templeton, Sir John Templeton Quote, skeptcism
June 24, 2011 3 Comments
Sir John Templeton (November 29, 1912 – July 8, 2008) was a legendary investor and a pioneer of global investing. He took value investing to an extreme, picking industries and companies he believed to be at rock bottom, or as he called it “points of maximum pessimism.”He bought when there was blood on the streets. For example,when investors fled the New York market after the Second World War was declared, Templeton borrowed $10,000 to scoop up stocks priced at less than a dollar, often in companies that were near bankruptcy. In four years, he sold the stock, paid off the debt and pocketed $40,000—the seed money for Templeton Growth Fund, a market beater for many years.
Templeton did not care where a company was located. If it was selling below what he considered to be its asset value, and if it was in an industry or nation that was “out of favor,” he was interested in it. He was among the first to invest in postwar-Japan and among the first to sell out of Japan in the mid-1980s. He was one of the very few who invested in Peru when the communist Shining Path was running rampant, and by doing so, he reaped a fortune for his investors. Read more of this post
Filed under Paper Assets, Theory Tagged with asset value, bankruptcy, bargain hunting, blue chip stocks, calculated risk, clicks, common stocks, contrarian, deep value investor, dot-com bubble, Dow Jones Industrials, equities, eyeballs, Fiscal Deficit, Franklin Group, global investing, government bonds, Great Depression, high savings rate, internet stocks, investing in Japan, market neutral hedge funds, Money magazine, New York Stock Exchange, out of favour, over geared, pessimism, points of maximum pessimism, postaday2011, RandomBlog2011, shares, Sir John Templeton, speculation, Templeton Growth Fund, Trade Deficit, treasuries, value investing, value investor, World War II