“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.”-Sir John Templeton Called the “greatest stock picker of the century” by Money magazine, legendary fund manager Sir John Templeton is revered as one of the world's premiere value investors, widely known for pioneering global investing and out-performing the stock market over a five-decade span. Investing the Templeton Way provides a never-before-seen glimpse into Sir John's timeless principles and methods. Beginning with a review of the methods behind Sir John's proven investment selection process, Investing the Templeton Way provides historical examples of his most successful trades and explains how today's investors can apply Sir John's winning approaches to their own portfolios. Detailing his most well-known principle investing at the point of maximum pessimism- this book outlines the techniques Sir John has used throughout his career to identify such points and capitalize on them. Among the lessons to be
This book beats my expectation. It talks about how taking a contrarian perspective can beat the market and earn an excellent return. The uses of 5-year expected PE ratio and PEG comparisons are useful to beginners in investing.
However, I love to read more about the investments the Sir Templeton actually did NOT worked or FAILED! I bet he must have made some bad investments over his long investing career. Readers could have learnt a lot from the failures of this great value investor.
Brilliant. Succinct & Enlightening. I was expecting more in depth into Templeton's risk management and diversification methodologies - it was too brief in my opinion. Nevertheless, a great read!
An interesting one; sometimes I wanted give it 5 stars, sometimes only 3.
It’s a good book about investing. It gives you a somewhat detailed description about what/where Templeton would invest in - only bargains. The book broadens your thoughts about investing abroad and look where the outlook is the darkest. In addition, thrifting is a way of life!
What it does not do is tell a thorough analysis of the companies where Templeton invested in. It does not show any mistakes the man did. It only shows the very success and how he predicted everything (even the EPS of a company in 10yrs time). The constant use of “Uncle John” vexes the hell out of you.
I would of expected to read more about Templeton’s life (early life, interests, what he read etc.), some mistakes (and how he corrected them), and how he really analysed a company (in addition to low P/E and debt). Perhaps he gave even some weight on the company’s returns on capital?
Overall, I would recommend the book to a new investor.
Fair points. Contrary to the introductory remarks, it's all about value investing and very extensive repetition of the points. Buy when companies are trading at low values relative to peers - preferably with better outlooks. The way to spot this is to look for general biases against certain groups of shares - markets, countries, etc.
This book could have been boiled down to max 50 pages without losing its essence. I kept hoping there would be more to each chapter than revealed in its headline, but I was disappointed.
I really loved the idea of this man that just earned 37M in an investment and it went to a car dealer and said this Kia car is too expensive for me. The funniest part of the book. But overall interesting.
Love this one. Easy to read, and full of wisdom for the value investor. Countless examples of how Sir John Templeton viewed the world differently from the crowd, but rooted in logic and rationality.
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 fact that crisis always look different rattles investors and leads to opportunities.
Ignorance is a handicap in every walk of life.
Poker requires superior acumen of probability, risk taking and, perhaps most importantly, psychology.
You must search for pessimism in areas where the situation causing the negative outlook is temporary.
John managed the Templeton Growth Fund from 54 to 87.
When you view the market on a stock by stock basis you will find that at any individual time the market contains a number of individual bull markets and bear markets.
The time to reflect on your investing methods is when you are most successful, not when you are making the most mistakes.
Often the only hurdle is your unwillingness to work just a bit harder than the next guy to get the answers.
John liked buying companies on <5x 5-year forward earnings.
Growth is a wonderful thing but it isnt an excuse for paying too much.
John made a lot of money out of Japans 36x increase in stockmarket between 59 and 89. He took the majority of money out of Japan many years before the collapse.
To have staying power in the game you must remain focussed on the next opportunity.
Insider selling after coming out of IPO escrow was the catalyst for the tech bubble to burst in 2000.
Leaders are defined by their actions when the chips are down, not when everything is running smoothly.
it talks about investing using low P/E, maximum pessimism and to differentiate between stock price and the company that the stock represents, among other things.