Sir John Templeton was a remarkable man, outstanding investor and mutual fund pioneer and he left a great heritage when he passed away in July 2008 at the age of 95.
In this article I want to share John's valuable 16 rules of investing, but before I do that some background information.
Good at poker
John Marks Templeton was born in the USA in 1912. He attended Yale University where he financed a part of his tuition by playing poker, a game he was very good at. He graduated in 1934 near the top of his class and went on the Oxford University in the UK as a Rhodes Scholar and earned an M.A. in law.
Upon his return to the USA he went to work as a trainee for Fenner & Beane in New York. One of the predecessor firms of Merrill Lynch.
In the depths of the Depression in 1937 Templeton co-founded an investment firm that would become Templeton, Dobbrow & Vance.
John is famous for his controversial investment in 1939 which is also the hallmark of his contrarian investment style.