Investor Sir John Templeton Have to pay that, &quot;This is Sir John Templeton (John Templeton) motto. Templeton once the world&#39;s richest man, but he donated most of their wealth away. In the past 40 years, he has been living in the Bahamas beach house is relatively simple; he never travel first class, usually only open a Lincoln sedan; even clothing or furniture, he had a &quot;value investment&quot; point of view purchase. Also, because many young people only see when home loans by a very small, but eventually lost his farm, he had never done any premises for his own mortgage. Templeton to his work as an investor on his &quot;sacred trust.&quot; He established the first mutual fund, &quot;Templeton Growth Fund&quot;, for decades the average annual return rate of 13.5%. Although not he invented the mutual fund and investment at the beginning of his career, the Americans are hated on Wall Street, but because he was &quot;helping people&quot; of faith and outstanding investment performance of mutual funds makes the eyes of ordinary people in every household image can be improved, and accept this form of investment. Thus, Templeton in 1991 by the American Management and Research Association (AIMR) for the first time awarded Outstanding Achievement Award. Columbus investment community November 29, 1912, Templeton in Winchester, Tennessee, was born. Father was a lawyer and cotton merchant, but the era of the Great Depression of property lost. Templeton is the first university town people. In addition to scholarship, he had won the poker game in his dorm room, the student newspaper to sell advertising space to fill the cost of studying. University, the originator of value investing through elective courses in this 杰明格兰姆 his contrarian (contrarian) generated great interest. In 1934, his best performance of economics graduate from Yale University and received a Rhodes scholarship, went to Balliol College, Oxford Learning. At first, Templeton plan is to learn business management. But economists at that time to the &quot;Ivory Tower&quot; buried proud of, even to the British Ministry of Keynes work has been peer ridicule. Templeton only alterations to the law, and received a Master of Laws. 50 years later, he donated four million U.S. dollars to finance the establishment of the Oxford Centre for Management Studies, Templeton College, later. Templeton returned to the United States in 1937, into one of the former Merrill Lynch Fenner &amp; Beane and started a Wall Street career. In 1940, he bought a small investment advisers through the enterprise, set up their own fund business, established the Templeton, Dobbrow &amp; Vance. At that time he managed the assets of 200 million, while by 1967 the sale of the company, has managed 400 million U.S. dollars. Templeton&#39;s investment characteristics, is combing the globe, seeking to reach the bottom but has a good vision of the country and industry, investment targets are ignored by the public enterprises. He often played to the extreme low prices, in the &quot;point of maximum pessimism,&quot; when the investment. Hitler invaded Poland in 1939, Templeton immediately aware of the imminent outbreak of World War II, the war can bring out the Great Depression in the United States. So he double in Depression and War atmosphere of terror, the borrower acquired the New York Stock Exchange and American Stock Exchange listing below one U.S. dollar price of 100 shares of the Company. In total 104 companies, 34 are in bankruptcy status, in which 4 was worthless, but the value of the portfolio in four years rose to 40 thousand U.S. dollars. 20th century 50&#39;s, Templeton is a pioneer in post-war investment in Japan, one of Germany&#39;s investors. In 1978, Ford verge of bankruptcy, he bought a large number of its shares. In 1954, the Templeton mutual funds to enter the field, established the &quot;Templeton Growth Fund.&quot; This is the largest and most successful international investment funds is one. In 1956, he founded Nucleonics, Chemistry and Electronics Fund - a reflection of his lifelong interest in science and technology professional fund. Templeton fund companies never hire sales staff, relying solely on investment performance to attract customers. In 1992, he sold 440 million U.S. dollars fund his company&#39;s assets under management at this time has been as high as 22 billion U.S. dollars. Small faint in the &quot;wild&quot; In 1968, for tax avoidance and noise away from Wall Street, Templeton renounced U.S. citizenship, Nagai Bahamas. He believes that if stayed in Manhattan, see people talking about exactly the same things and others, to reverse operation becomes extremely difficult. But he is still hard work. 50 to 60 years of the 20th century, even in the widowed widower, raising three children alone for eight years, is working 80 hours per week. After moving to the Bahamas, until he was 80 years old, still working 60 hours per week. He estimated that, excluding religious programs, life took a total of only 84 hours watching TV. Appears in Templeton, moved to the Bahamas and even after the investment performance is better than living in New York. The mid-80s, he is a bear market in Japan before the arrival of the first withdrawal of investors. In 1992, Templeton would predict &quot;the next decade will be the happiest period of time is the most improved,&quot; &quot;U.S. and European economy will be rising rapidly.&quot; In the crazy dot-com bubble period, he was short about some senior managers can legally sell stock Networks hand, again within a few weeks, earned 80 million U.S. dollars - he viewed the deal as &quot;the most likely earn the money. &quot; Reverse as the most successful investor, Templeton decades of investment experience can be summed up: &quot;In the Great Depression of the buying, selling during the bubble, the middle market, there are several correct judgments.&quot; In 1999, &quot;Fortune&quot; magazine described him &quot;can be said is this century&#39;s greatest global stock investors.&quot; In 2004, such as Smart Money magazine received an interview, Templeton revealed view of the world. Even today, people have to admire his vision: - The world no one wants to ask them to thrift leading candidate to power, and always will choose to increase government spending. Therefore, in the long term, with the emergence of more democratic institutions, inflation will be higher. Therefore, all the money is at risk. Singapore has no real democracy, so you can maintain a balanced budget, relatively speaking, it is less currency risk. Other less risky currency from South Korea, India and New Zealand. - Less than 20 years, many countries - not just the United States, soon there will be social safe system make ends meet, would have announced his retirement no longer equals a pension immediately, but must put this at a later age. - Maintain the existing economic activity is the greatest threat to the debt. United States is the highest debt in history, but only just beginning. Adverse trade deficit is now the highest in U.S. history, the deficit is also the same. 30 years ago, the Americans or to thrifty known, when the savings rate was 20%, and now less than 2%. This is almost certain that the economy will enter a period of pessimism, the stock market will enter a bear market. Back in 2004, Templeton has repeatedly warned that the price of real estate will collapse, the stock market or even the case in 30 years. He believed that strong economic growth in China, and so continues, 30 years later than the U.S. GDP is not an accident. However, due to lack of information, China&#39;s stock market cycle will be more frequent and more severe range. Heritage Samuelson said in a speech that &quot;the scientific theory of evolution, accompanied by a birth of another grave.&quot; However, the core principles of practice as an investment, it can be sustained and effective. If they do not, see Templeton for his summary of the 16 experienced investment success, it still applies today: (1) to maximize total return investment objective. (2) investment, not speculation or speculation, the stock market is not a casino. (3) flexibility, not an investment is always the best choice. (4) cheap to buy, not blindly follow the majority. (5) only in the high-quality stocks in the search value. (6) investing is value, not the economic outlook. Bear market is not always accompanied by recession. (7) The investment must be spread, a person can not have more than 50% of the investment is concentrated in any one country, 25% in any one industry. (8) do a good job of, or an expert on employment wise. (9) from time to time tracking, testing their investment. (10) Do not panic. From the emotional, financial preparation for the bear market. If you really are long-term investor, you will bear market as an opportunity to make a profit. (11) we learn from the lessons of their mistakes. This is the success and failure of the biggest differences between the investors. (12) prayer before investing. Only want to clear, only fewer mistakes. (13) beat the market is difficult. (14) an omniscient investors actually know nothing about. Success is continuing to find answers to new problems in the process. (15) has never been a free lunch. Not rely on feelings, emotions and investment. (16) do not often hold a negative attitude. Templeton own success, has always attributed to the maintenance of a high-spirited mood, avoid anxiety and to uphold the principles of capability. Success thanks maverick Templeton is no doubt a successful investor, is also a life-long revel in science, spirituality in the field and its significance for the life of the common ties of billionaires. He used to finance most of his assets and basic spiritual disciplines of the field. He believes that the success of spirituality - faith and business success should be the cross-echoes. He managed mutual funds in each year will be open when the prayer is to begin, but insisted that the cause of an immoral will eventually fail. Templeton wrote and edited a dozen books on spirituality in the field. In 1972 he founded the &quot;Templeton Prize&quot; award for the spiritual development of those who contribute, the first winner was Mother Teresa. He believes that the Nobel Prize ignore spirituality, and spiritual advancement of the scope, its importance is no less than in other areas of human efforts; therefore always the bonus amount must be higher than the Nobel Prize, and the annual awards are arranged by the Duke of Edinburgh Buckingham Palace hosted, to ensure adequate media exposure. In 1987, he established the John Templeton Foundation, the hope that the means used in science can also be used in the domain of spirit, support love, forgiveness, creativity, and religious aspects of the source and essence of academic research, such as theoretical physics, theory of the universe, evolution, cognitive science. The Foundation currently manages 1.5 billion U.S. dollars, annual research funding paid up to 70 million U.S. dollars. As the charity&#39;s efforts to Templeton in 1987 was canonized as the Queen Elizabeth, Sir, in 2007 and was &quot;Time&quot; magazine included in the 100 most influential philanthropists. Templeton Presbyterian I am a Christian, as the largest Presbyterian seminary president of Princeton Theological Seminary 42 years. But he always held the value of other faiths with an open mind. &quot;Templeton Prize&quot; was the winner of not only Christians but also Jews, Muslims, Buddhists and Hindus. He even willing to participate in the activities of Muslim and Hindu, because he believed that no one can know everything. Both financial investment and philanthropy, Templeton life energy to encourage open-minded, open-minded on. In fact, the success of his investment is due to independent thinking, maverick ? Do not trust any of the principles and formulas: Any theorems are likely to be broken overnight. John Templeton Investment Law 15 John Templeton has been hailed as the father of investment, not only because he&#39;s 91 years old, but also because he is a model of value investing, and let Americans know the benefits of overseas investment, creating a precedent for global investment. Templeton retired in 1987, threw himself into missionary work in, also wrote books to express their philosophy of life, summed up its investment law 15. 1, belief will help investment: a man of faith, thinking will be more clear and sharp, thus reducing opportunities for mistakes. To calm and determination, can do it regardless of market circumstances. Is easy to learn magic modest success: What are the problems that seem to know the people, in fact, really do not know to answer the question. Investment, arrogance, and arrogance caused by a disaster, but also disappointed, smart investors should be aware that success is the continued exploration process. 2, learning from mistakes: the only way to avoid wrong investment is not investment, but it is the biggest mistake you can. Do not apologize for being guilty of wrong investment, not desperate to make up for previous losses, but should find out the reasons, to avoid making the same mistakes. 3, the investment is not a gamble: If you are in the stock market and out, just to profit a few price, or continue to short selling, options or futures to the stock market has become a casino for you, and you like a gambler, will eventually lose everything. 4, do not listen to &quot;tips&quot;: sounds like the grapevine earn quick money, but that &quot;there is no free lunch.&quot; 5, investment to do homework: Before buying stocks, at least to know that the company outstanding places, such as their inability to do so, then expert help. 6, beating the professional institutional investors: to outperform the market, not only to better than retail investors, but also better than professional fund managers, more intelligent than the large, this is the greatest challenge. 7, the value of investment: value for money to buy things, not the market trend or economic outlook. 8, to buy shares of quality: quality is better than similar companies, such as sales in the market-leading companies in the industry, technological innovation, leading technology companies and has a good operating record, to effectively control costs, the first new market, the production of consumer products with high profit company with excellent reputation. 9, hunting and: &quot;buy low and sell high&quot; is easier said than done of the law, because when everyone is buying, you also have to buy, resulting in &quot;price of goods not arrived&quot; investment. On the contrary, when the stock price is low, investors retreat, you have to follow ship, eventually turned into &quot;buy low and sell high.&quot; 10, do not panic: even if people around are selling, you could not follow, because the best time to sell is before the crash, not after. Instead, you should review your investment portfolio, the only reason to sell the existing stock, the stock is more attractive, if not, we should continue to hold the stock on hand. 11, note that the actual return: return on investment calculation, do not forget the tax and inflation included, this is particularly important for long-term investors. 12, do not put all your eggs in one basket: to divert their investments in different companies, industries and countries, but also scattered in stocks and bonds, because no matter how clever you are, we can not predict or control the future. 13 different investment categories open mind: to accept different types and different areas of investment projects in the proportion of cash in the portfolio is not static, not an investment portfolio is always the best. 14, monitoring their investment: no investment is ever to make the appropriate changes in the expected response, can not buy a stock, it will always be there, described as &quot;long-term investment.&quot; 15, on investment in a positive manner: The stock market will drop, there may even be stock market crash, but do not lose confidence in the stock market, because the long term, stocks always rise again. Investor optimism can only win in the stock market. John Templeton quotes * An attitude of gratitude creates blessings .. Help yourself by helping others. You have the most powerful weapons on earth .. love and prayer. (God Bless gratitude, helping others is helping yourself, the most powerful weapon on earth is to love and pray.) Templeton Global Investment father&#39;s investment philosophy Sir John Templeton is the founder of the Templeton Group, the capitalists Forbes magazine called him &quot;the father of global investment&quot; and &quot;the history of one of the most successful fund managers&quot;, &quot;Money&quot; magazine hailed him &quot;worthy of the 20th century the world&#39;s greatest stock pickers.&quot; This issue, ABN AMRO TEDA share to the three top fund managers investment philosophy. Templeton Investment attaches great importance to do their homework before investing done its homework. He bought the stock before that, at least to know that the company&#39;s outstanding between, if they can not afford to do so, they should ask an expert to help. Monitor their investments in Templeton&#39;s eyes, there is no investment forever, he suggested that investors can not buy stocks and funds would never be there. ABN AMRO TEDA Fund recommends investors, while adhering to the premise of long-term investment funds, should cultivate the good habit of regular inspections. Do not panic, &quot;the total market was born in desperation, in the dubious grow mature in vision, in the hope that the destruction&quot;, this is the most famous Templeton, most people appreciate a word. He explained as, although the stock market will drop, but do not lose confidence in the stock market in the long run, stocks always rise again, only optimistic investors are able to win in the stock market. ? Templeton preference contrarian As the reverse of the last century&#39;s most famous investors, Templeton&#39;s investment approach is summed up as: &quot;buy low in the Great Depression, the Internet&#39;s high throw, and both of both worlds.&quot; His investment style can be belongs to: Look for value-based investment product, that is, he said, &quot;bargain.&quot; Looking at the world, instead of focusing on one point. Templeton Investment magic wand: &quot;In the global search for low-cost, long-term prospects for a good company as an investment target.&quot; Reverse value as investors, Templeton believes the stock is completely neglected the most exciting life of a bargain - especially those investors who are not of the stock. On this point, he compared the advantages of other investors, he lived in the Bahamas Lyford Cay, where successful business people in the world club. Templeton found, Lyford Cay in the atmosphere is more relaxed and easier for people to exchange ideas, experiences. In contrast, Wall Street&#39;s atmosphere is very utilitarian, but also limits the communication. As legendary investor Philip Fisher, like Templeton also discovered the value of communication, he also adopted this method to obtain the global investment-related information in the field.