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Archive for August, 2010

Last week we posted a notice that some of our contributors, Lauren Templeton and Scott Phillips, would be making the media rounds. Not sure I can embed the players in WordPress, so I’ll post links below. Lauren and Scott really get into the practical side of value investing in these clips (as opposed to the more philosophical angle [...]

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Part I can be found here. The estimate of normal based on the three principles above is valid only when applied to a diversified list of industrial common stocks. Different principles are needed if we attempt to appraise the normal for any particular stock. In order that our calculations may be always up-to-date, normal for [...]

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Some fun news: two of our favorite contributors to What Would John Templeton Say?, Scott Phillips and Lauren Templeton, are making the media rounds to promote Scott’s excellent new book Buying at the Point of Maximum Pessimism: Six Value Investing Trends from China to Oil to Agriculture. Be sure to catch them today (Aug. 13th) on [...]

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These days, there is certainly plenty of speculation about “when things will return to normal.” These kinds of concerns are nothing new. Just as we worry about defining and seeking ”normal” today, so too did John Templeton’s clients worry about what was “normal” for the markets five decades ago. Repeated inquiries prompted him to circulate the following confidential memo to his clients [...]

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In the last few weeks, we have featured interviews with John Templeton discussing the concept of maximum pessimism. This is the second and final part of Lauren Templeton and Scott Phillips discussion of maximum pessimism and its relationship to Templeton: Another way to consider this activity is in the terms of comparing near-term versus long-term prospects, in many cases [...]

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 In the last few weeks, we have featured interviews with John Templeton discussing the concept of maximum pessimism. Lauren Templeton and Scott Phillips discuss the principle of maximum pessimism and its relation to Templeton: The principle of maximum pessimism has the potential to be a puzzling concept to many casual observers. To begin, this investing maxim—at least on [...]

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