Sir John Templeton, who has died aged 95, was a legend in the world of
fund management and invested much of his multi-million pound fortune in
promoting spiritual and religious progress.
Sir John Templeton
Templeton boasted one of the longest and most successful track
records on Wall Street. From its foundation in 1954, his Templeton
Growth Fund grew at an astonishing rate of nearly 16 per cent a year
until Templeton’s retirement in 1992, making it the top performing
growth fund in the second half of the 20th century.
A $100,000 stake invested in 1954 would, with distributions reinvested, would have grown to $55 million in 1999.
The Templeton formula was simple in theory, though not easily achieved in practice.
He looked for bargains — shares selling well below their asset
values due to temporary circumstances — and would usually hold on to
them for five years or more until they reached what he considered to be
their true worth.
It was an approach that required rigorous research and determination not to be swayed by the fashions of the moment.
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Sir John Templeton, who has died aged 95, was a legend in the world of
fund management and invested much of his multi-million pound fortune in
promoting spiritual and religious progress.
Sir John Templeton
Templeton boasted one of the longest and most successful track
records on Wall Street. From its foundation in 1954, his Templeton
Growth Fund grew at an astonishing rate of nearly 16 per cent a year
until Templeton’s retirement in 1992, making it the top performing
growth fund in the second half of the 20th century.
A $100,000 stake invested in 1954 would, with distributions reinvested, would have grown to $55 million in 1999.
The Templeton formula was simple in theory, though not easily achieved in practice.
He looked for bargains — shares selling well below their asset
values due to temporary circumstances — and would usually hold on to
them for five years or more until they reached what he considered to be
their true worth.
It was an approach that required rigorous research and determination not to be swayed by the fashions of the moment.
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