An Age of Genius
Sir John Templeton was one of the last century’s greatest investors who, like most people who exhibit unusual skill in the financial markets, had an appropriate view of the balance between investing fundamentals and investor psychology. He died only a few years ago, at the great age of 95, and almost to the end he was still making strikingly accurate predictions, some of which are yet in the process of coming nastily true.
At one level Templeton's approach to investing was simple and familiar: go against the flow and seek out opportunity where no one else dares to look. As usual, the problem with such advice is that it’s very easy to give and very hard to take. But we need the evidence of the mice to tell us why.
Sir John Templeton was one of the last century’s greatest investors who, like most people who exhibit unusual skill in the financial markets, had an appropriate view of the balance between investing fundamentals and investor psychology. He died only a few years ago, at the great age of 95, and almost to the end he was still making strikingly accurate predictions, some of which are yet in the process of coming nastily true.
At one level Templeton's approach to investing was simple and familiar: go against the flow and seek out opportunity where no one else dares to look. As usual, the problem with such advice is that it’s very easy to give and very hard to take. But we need the evidence of the mice to tell us why.
