Timeless Wisdom of Sir John Tempeton
My favorite investor of all-time is Sir John Templeton (1912-2008). He may be gone, but he will always be remembered as one of the greatest investors ever, notes Tony Daltorio, editor of the just-launched advisory newsletter, Investing Alley's The Growth Stock Advisor.
John Templeton was the first person to introduce the idea of investing globally to U.S. investors. He launched his flagship Templeton Growth Fund when the thought of ever investing outside U.S. borders had never occurred to most domestic investors.
Sir John's pioneering fund racked up an enviable track record, returning an average of 13.8% annually from 1954 to 2004. Even though we are in 2017, many of Templeton's timeless investing principles apply as much today as back in 1954.
Below are some of Templeton's principles which have shaped how I approach investing and what you can expect to be as the core to my strategy during my tenure as the Growth Stock Advisor editor. I hope you can take some of Sir John's wisdom and incorporate it into your own investing style.
#1 – Buy Low.
Obvious, right? But in practice, many investors do the opposite. They chase hot sectors after dramatic moves higher. Think of the frenzy among investors in the period leading up to the bursting of the Nasdaq bubble in 2001. Or the similar fate that befell investors that thought the commodity super-cycle, thanks to China's build-out of infrastructure, would never end.
Sir John always scoured the globe for bargains. He told investors to buy when everyone else is selling, when things look darkest, when all the experts say a certain investment is too risky.