John Templeton, founder of Templeton Funds and whom Money Magazine called “arguably the greatest global stock picker of the century” died today at age 95.
Investopedia has a great write-up of him for those of you that want to learn more about what makes a truly great investor. Of note are the following 4 quotes:
“Rejecting technical analysis as a method for investing, Templeton says, “You must be a fundamentalist to be really successful in the market.”
“Invest at the point of maximum pessimism.”
“If you want to have a better performance than the crowd, you must do things differently from the crowd.”
“When asked about living and working in the Bahamas during his management of the Templeton Group, Templeton replied, “I’ve found my results for investment clients were far better here than when I had my office in 30 Rockefeller Plaza. When you’re in Manhattan, it’s much more difficult to go opposite the crowd.”
Regards,
George