Templeton on rational optimism
by PlanMaestro
And now the last principle. Do not be fearful or negative too often. For 100 years optimists have carried the day in U.S. stocks. Even in the dark ’70s many professional money managers made money in stocks, especially those of smaller companies.
There will, of course, be corrections, perhaps even crashes. But, over time, our studies indicate stocks do go up … and up … and up.
Advice that you have probably heard from other greats but few said it better or more often than John Templeton. From the 16 Rules for Investment Success (PS: can someone remind me where did I get this copy to give proper attribution?)
http://www.franklintempleton.com/retail/pdf/home/splash_PUB/TL_R16_1207.pdf
Sometimes you miss the obvious
Plan,
you know, i knew John well, for many years. i stayed with him and Lady T (Irene) sometimes multiple long weekends each winter. living in S. Fl it was just a short hop and Lyford always lovely. his house looked just like Tara would have if it had been built in New Providence, ha:)
i will tell you some interesting stories one day. for now, i will say John was The Real Deal. he walked and talked the same serious two paths each and every day i knew him, 25 odd yrs.
his impact on me was enormous. and why wouldn’t it be; what good fortune! mojo
Mojo, you are a lucky man.
Thank you for posting this, this is very helpful and one tip that is interesting is Rule #12. I am going to try it out. Maybe that is what I need in life. Maybe a little bit of faith can help and it is not as useless one might think.
Mojoinjun- I think you should do a guest post about Templeton stories, What do you think?
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