John Templeton, fully Sir John Marks Templeton

John
Templeton, fully Sir John Marks Templeton
1912
2008

American-born British Stock Investor, Businessman, Mutual Fund Pioneer and Philanthropist, Rhodes Scholar

Author Quotes

An investor who has all the answers doesn’t even understand the questions.

Humility about how little I know has encouraged me to listen more carefully and more wisely.

In my 45-year career as an investment counselor, humility did show me the need for worldwide diversification to reduce risk. That career did help me to become more and more humble because statistics showed that when I advised a client to buy one stock to replace another, about one-third of the time the client would have done better to ignore my advice. In other endeavors, humility about how little I know has encouraged me to listen more carefully and more wisely.

Suppose you went to your priest and asked for help - he would refer you to the Bible, but if you went the next day to your medical doctor, and he referred you to the book of Hippocrates, which was written at about the same time as the Bible, you would think that was old-fashioned.

This trend toward greater capitalism and freedom unleashes tremendous potential for efficiency gains and even greater wealth potential. So does the shift away from regulation and isolation toward free trade.

Anybody who had come up with a new concept would have been under suspicion for being out of step with the tradition or out of step with the teachings of the church.

I believe all religions are becoming obsolete, clinging to ancient concepts.

Invest at the point of maximum pessimism.

Tell your readers to use it or lose it. If you don't use your muscles, they get weak. If you don't use your mind it begins to fail.

Those who spend too much will eventually be owned by those who are thrifty.

Before this century is over, the Dow Jones Industrial Average will probably be over one million versus around 10,000 now. So for the long-term, the outlook is tremendously bullish if you buy stocks blindly to keep for a century.

I focus on spiritual wealth now, and I'm busier, more enthusiastic, and more joyful than I have ever been.

It is nice to be important, but it's more important to be nice.

The correct description is that we try every day to become more humble when we talk about divinity, we try to realize how little we know and how open minded we should be. It's self-centered to think that human beings, as limited as we are, can describe divinity.

Three of my children are medical doctors, they know at least a hundred times as much about your body as my grandfather knew, but they don't know much more about soul than he did.

Bull markets are born on pessimism, grown on skepticism, mature on optimism and die on euphoria. The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell.

I have no quarrel with what I learned in the Presbyterian church — I am still an enthusiastic Christian. But why shouldn't I try to learn more? Why shouldn't I go to Hindu services? Why shouldn't I go to Muslim services? If you are not egotistical, you will welcome the opportunity to learn more.

It seems to be common sense that if you are going to search for these unusually good bargains you wouldn’t just search in Canada. If you search just in Canada you will find some, or if you search just in the United States you will find some. But why not search everywhere? That’s what we’ve been doing for forty years. We search anywhere in the world.

The four most dangerous words in investing are 'This time it's different.'

To buy when others are despondently selling and to sell when others are avidly buying requires the greatest fortitude… and pays the greatest reward

Diversification should be the cornerstone of your investment program. If you have your wealth in one company, unexpected troubles may cause a serious loss; but if you own the stocks of 12 companies in different industries, the one which turns out badly will probably be offset by some other which turns out better than expected.

I never ask if the market is going to go up or down, because I don’t know, and besides it doesn’t matter. I search nation after nation for stocks, asking: Where is the one that is lowest priced in relation to what I believe it’s worth?

It's self-centered to think that human beings, as limited as we are, can describe divinity.

The idea that an individual can find God is terribly self-centered. It is like a wave thinking it can find the sea.

We are trying to persuade people that no human has yet grasped 1% of what can be known about spiritual realities. So we are encouraging people to start using the same methods of science that have been so productive in other areas, in order to discover spiritual realities.

Author Picture
First Name
John
Last Name
Templeton, fully Sir John Marks Templeton
Birth Date
1912
Death Date
2008
Bio

American-born British Stock Investor, Businessman, Mutual Fund Pioneer and Philanthropist, Rhodes Scholar