His views on the economy were published in Forbes yesterday and his obit is in BusinessWeek today. To me, he was the embodiment of a contrarian extraordinaire. It takes nerves of steel to buy into a panic, but it also takes considerable judgement to call the bottom on the price. In essence, he believed that Wall Street was always wrong, and he consistently cleaned house on that premise. Here is a watch list I created as a tribute to Sir John Mark Templeton. I’ll bet that these issues were the types of plays he would be watching today. The screenshot comes from www.prophet.net, the brainchild of another exceptional contrarian, Tim Knight.
p.s. (Click the image to see the details)
3 Comments
someone has to be right… just like that monkey who wrote a book. Just get enough monkeys and enough keyboards and one day he types something like Homers Odyssey.
DD, Templeton’s success was not a random event as you so rudely imply. He succeeded in outperforming the markets through the consisent application of a wise trading principle (contrarianism) and by using his best judgement on timing.
No- Only I can do that. stop trying to keep it real.
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