It wasn’t long before Templeton Growth really started to pay dividends. Galbraith’s skillful management and Templeton’s own vision made their funds top performers: $10,000 invested with them in 1954 would have grown to $2 million in 1992, when Templeton sold his stake to the Franklin Group—an annualized average return of 14.5%. Money magazine called Templeton “arguably the greatest global stock picker of the century.”DYI Comments: Sir John Templeton is no longer with us but his memory lives on in this heart warming article about a truly wonderful man who was more than a successful money manager.
John Templeton's idea of buying during the point of maximum pessimism [gold mining shares] and selling when maximum optimism [stocks complacency is the new speculation] prevails. My attempt is that of a contrarian to imitate the great master.
DYI
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