“I think there’s a chance – maybe not a probability, but a chance – that KIA Motors will be larger than General Motors 30 years from now.”—John M. Templeton, from a January 2005 Financial Intelligence Report article on bargain buys In leiu of the news coming from GM, are we on our way to seeing this prediction come [...]
Archive for April, 2009
Templeton and the Auto Industry
Posted in Auto Industry, Business, Crisis, Economy, Finance, Investing, Markets, Money, News, Stock Market, Stocks, Wall Street on April 28, 2009 | Leave a Comment »
It has been a big news week for the American auto companies. With the restructuring of GM and the agreement between Chrysler and Fiat in the news, we have been keeping in mind some of John Templeton’s observations and investment strategies about the American auto industry. One situation that comes to mind is from the [...]
John Templeton and Philanthropy
Posted in Finance, Money, Philanthropy, Recession on April 23, 2009 | Leave a Comment »
There is no doubt that John Templeton left a lasting legacy in the financial world, as we have and will continue to highlight here. But he also focused a large part of his life on philanthropy. In a recent post on his blog, author and management expert Ken Blanchard commented on John Templeton’s perspective on philanthropy, [...]
Maximum Pessimism: Are We There Yet?
Posted in Economy, Investing, News, Recession, tagged economic indicators, Krugman, Maximum Pessimism, New York Times, Op-Ed on April 21, 2009 | Leave a Comment »
In last Friday’s New York Times, columnist Paul Krugman made some interesting points about the momentum of the current economy. Are things headed up? Or do we still have some painful times ahead of us? To followers of Sir John’s investment strategy, identifying whether or not you have reached the point of “maximum pessimism” is of [...]
The Stock Market is Not a Casino
Posted in Business, Economy, Finance, Investing, Markets, Money, Stock Market, Stocks on April 17, 2009 | 3 Comments »
John Templeton’s investment strategy emphasized the concept of buy and hold. In an article that appeared in World Monitor in February 1993, Templeton remarked that “the stock market is not a casino”: Invest – don’t trade or speculate. The stock market is not a casino, but if you move in and out of stocks every [...]
Gary Moore on John Templeton’s Legendary Long-run Performance
Posted in Business, Crisis, Economy, Finance, Investing, Markets, Money, Recession, Stock Market, Stocks, Wall Street on April 14, 2009 | Leave a Comment »
In past posts, I’ve gone out on a limb and suggested Sir John Templeton may have been taking a closer look at some high quality stocks since the market bottomed last October. I was pleased last week to read a report by Gary Motyl—the current Chief Investment Officer of the Templeton funds who was hired by [...]
The Paradox of Thrift
Posted in Economy, Thrift, tagged David Blankenhorn, Institute for American Values, John Maynard Keynes, Justin Fox, King's College, Paradox of Thrift, Robert Frank, savings, Thrift on April 9, 2009 | Leave a Comment »
You might think that a Wall Street legend like Sir John would have lived extravagantly, but he actually committed himself to a lifelong practice of thrift. Early in his career, he established thrifty habits that he carried on even as his fortune grew. Some examples: He scoured newspapers looking for furniture auctions and estate sales where he knew he’d [...]
John Templeton’s 2003 Prediction and Today’s Housing Market
Posted in Business, Crisis, Economy, Housing Market, Investing, Markets, Money, Recession, Uncategorized on April 8, 2009 | 2 Comments »
In an April 6, 2009, Wall Street Journal op ed titled “From Bubble to Depression,” Stephen Gjerstad and Vernon Smith argue that both The Great Depression and today’s recession were caused by enormous consumer debt, and most particularly mortgage debt. To quote: . . . the financial system has suffered a blow unlike anything since [...]
John Templeton and the Housing Market
Posted in Crisis, Economy, Finance, Housing Market, Investing, Markets, Money, Quotes, Recession, Stock Market, Stocks, Wall Street on April 1, 2009 | 1 Comment »
Yesterday, we were again reminded of John Templeton’s 2003 prediction about the then-looming economic crisis after reading this blog post. In 2003, when being interviewed by Robert J. Flaherty for Equities magazine, Templeton observed that the stock market is broken and remarked on debt accumulation and the inevitable housing decline: Sir John also had a few [...]
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