John Templeton

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John Templeton was more excellent in the bargain hunting. He is one of the most outstanding fund managers of twentieth century. Peter Lynch in his view has said that John Templeton is the pioneer in the global market. He was one of the first to have advantage of the Japanese Dow Jones (the Nikkei average) is up seventeen fold from 1966 to 1988, and the US Dow Jones has only doubled.

Templeton was the founder and former Chairman of the Templeton organization.

The 16 Rules of Investment Success are as follows:

• If you begin with a prayer, you can think clearly and make fewer mistakes.
• Making the investment decisions, which are better than that of the professionals who manage the big institutions.
• Invest but don't trade or speculate.
• Buy Value, not market trends or the economic outlook.
• When buying stocks, search for bargain among quality stocks.
• Buy low. So simple in concept. So difficult in execution.
• There's no free lunch. Never invest on sentiment. Never invest on a tip.
• Do you homework or hire wise experts to help you.
• Diversify-by company, by industry.
• Invest for maximum total return.
• Learn form your own mistakes.
• Aggressively monitor your investments.
• The wise investor recognizes that success is a process of continually seeking answers to newly questions.
• Remain flexible and open-minded about types of investment.
• Don't panic.
• Do no be fearful or negative too often.

The above points are the Templeton approach. The approach seems clearer but it needs skill, dedication, and judgment.