Templeton's Way with Money: Strategies and Philosophy of a Legendary Investor
Called the "greatest stock picker of the century" by Money magazine, legendary fund manager Sir John Templeton is remembered as one of the world's foremost investors, known for his pioneering insights and phenomenal investment performance over a professional career which spanned more than half a century.
Templeton’s Way with Money provides a unique, professional 21st century appraisal of what made this formidable investor the success he was—and why his methods remain as valid today as they were during his long and successful lifetime.
Written by two investment experts, one of whom worked closely with Sir John for ten years, and drawing on previously unpublished documents, the book explains in detail how John Templeton's simple but effective investment philosophy of riding out the ups and downs of the market cycle continues to be as relevant as ever for professional and private investors alike.
Key features include:
- A fresh and detailed reappraisal, drawing on a number of previously unpublished documents, of the philosophy which Templeton applied to the two phase of his investment career—first as an investment counsel, and latterly as the most successful global fund manager of his generation
- A detailed and original study of the performance of the Templeton Growth Fund, demonstrating in detail how Templeton achieved the Holy Grail of investment—above average returns with below average risk
- First hand accounts from former colleagues of their experience in working with Templeton—including those of author Alasdair Nairn's ten-year career working with and for the investment management organization that was Templeton's life work
- Proprietary and original research which explains why Templeton's seemingly simple investment philosophy is sure to produce exceptional returns if implemented effectively
Current market conditions make Templeton's contrarian investment method of profiting from pessimism particularly relevant today, and this book a must-read for anyone working with investments.
Chapter 1 The Man and His Life 1
Chapter 2 Investment Counsel 29
Chapter 3 Fund Manager 65
Chapter 4 Philosophy in Action 101
Chapter 5 Why the Templeton Method Works 131
Chapter 6 Past, Present, and Future 161
Appendix John Templeton’s Advice to Investors 185
Selected Bibliography 241
About the Authors 245
JONATHAN DAVIS is the founder and chairman of Independent Investor, a specialist financial publishing venture, and a well-known columnist and investment writer. A former business and financial journalist on The Times of London, The Economist, and The Independent, he is a regular columnist for the Financial Times, author of three other books on investment, and a director of three investment companies.
Dr. ALASDAIR NAIRN has been managing global equity portfolios for twenty-five years. He is the founder and CEO of Edinburgh Partners, a specialist fund management firm based in Edinburgh, Scotland, which manages $14 billion in assets using Templeton's principles. Earlier in his career, he spent ten years working for Templeton Investment Management, latterly as Director of Global Equity Research, working closely with Templeton himself. His previous book, Engines That Move Markets, was a study of technology booms and busts in financial markets.