To buy when others are despondently selling and to sell when others are avidly buying requires the greatest fortitude and pays the greatest ultimate rewards.
Investors
John Templeton
Born in 1912 in a small Tennessee town, John Templeton pioneered the concept of global diversified investing. His Templeton Growth Fund, established in 1954, delivered annualized returns exceeding 15% over 38 years, and in 1999 Money magazine named him 'arguably the greatest global stock picker of the century.' Combining a contrarian philosophy with deep religious faith, he left an enduring mark on 20th-century financial history through both investing and philanthropy.
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John Templeton's Other Quotes
Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria.
The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell.
An investor who has all the answers doesn't even understand the questions.
If you want to have a better performance than the crowd, you must do things differently from the crowd.
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In prosperous times, save diligently; in downturns, invest boldly.
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Invest in what you know.
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Being too far ahead of your time is indistinguishable from being wrong.
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You can't predict. You can prepare.
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The most important thing is being attentive to cycles.
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