An investor who has all the answers doesn't even understand the questions.
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.
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.
The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell.
If you want to have a better performance than the crowd, you must do things differently from the crowd.
Related Quotes
You can't predict. You can prepare.
-- Howard Marks
Risk means more things can happen than will happen.
-- Howard Marks
Markets are constantly in a state of uncertainty and flux, and money is made by discounting the obvious and betting on the unexpected.
-- George Soros
The financial markets generally are unpredictable. So that one has to have different scenarios... The idea that you can actually predict what's going to happen contradicts my way of looking at the market.
-- George Soros
On the stock exchange, anything is possible, including the opposite.
-- André Kostolany
The trouble with people is that they love playing teacher to others.
-- Mencius