John Templeton

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Sir John Marks Templeton (29 November 1912 – 8 July 2008) was an American-born British investor, fund manager, and philanthropist. In 1954, he entered the mutual fund market and created the Templeton Growth Fund. In 1999, Money magazine named him "arguably the greatest global stock picker of the century."

Templeton, during the Depression of the 1930s, bought 100 shares of each NYSE listed company which was then selling for less than $1 a share ($18 today) (104 companies, 34 in bankruptcy, in 1939), later making many times the money back when USA industry picked up as a result of World War II. According to Templeton, he called his broker the day World War II began and instructed him to purchase every stock trading at less than a dollar. This stratagem helped make him a wealthy man.

Templeton became a billionaire by pioneering the use of globally diversified mutual funds. His Templeton Growth Fund, Ltd. (investment fund), established in 1954, was among the first to invest in Japan in the middle of the 1960s. Templeton also created funds specifically in certain industries such as nuclear energy, chemicals, and electronics. By 1959, Templeton went public, with 5 funds and more than 66 million dollars under management.

In 2006 he was listed in a seven-way tie for 129th place on the Sunday Times's "Rich List". He rejected technical analysis for stock trading, preferring instead to use fundamental analysis. Money magazine in 1999 called him "arguably the greatest global stock picker of the century".

Read more at Wikipedia The free encyclopedia.



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