The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell.
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
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.
Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria.
If you want to have a better performance than the crowd, you must do things differently from the crowd.
An investor who has all the answers doesn't even understand the questions.
Related Quotes
Being too far ahead of your time is indistinguishable from being wrong.
-- Howard Marks
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.
-- John Templeton
Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria.
-- John Templeton
Be fearful when others are greedy, and greedy when others are fearful.
-- Warren Buffett
Value investing is at its core the marriage of a contrarian streak and a calculator.
-- Seth Klarman
Have the courage of your knowledge and experience. If you have formed a conclusion from the facts and if you know your judgment is sound, act on it — even though others may hesitate or differ.
-- Benjamin Graham