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Value Investing: Following in The Footsteps of Sir John Templeton
Last week I had a chance to speak with hundreds of investors at FreedomFest in Las Vegas.
I can tell you that the mood out there right now is unremittingly bleak. And when it comes to value investing, that’s cause for celebration. Here’s why…
Analysts will tell you that stocks only reach bargain levels when they are cheap relative to sales, earnings and book value. But here’s how to know when stocks are cheap without looking at a single number:
- It’s when people are apoplectic about their stock portfolios.
- It’s when they are gloomiest about the prospects for the economy.
- It’s when they wish they…
Crisis Breeds Opportunity
Glass Half Full
When you have a lot of problems you also have a lot of opportunity. I want to start with some wise words from John Templeton. Templeton actually died a few weeks ago at the age of 95. His is a great story.
Born and raised in rural Tennessee, Sir John was the first person in his town to go to college. He went to Yale during the great depression and when things got tight, his father could no longer keep him there. So he helped pay his own way through college with his poker winnings, which sort of adds to…
15Aug2008 | Whiskey and Gunpowder | Comments Off | ContinuedFour Things to Ponder and Three Ways to Act When it Comes to the Fed
There’s one thing you can almost always count on with the government: Coming late to the party.
The release of the U.S. Federal Reserve’s minutes from the April 29 and 30 meeting of the Federal Open Market Committee (FOMC) included several “pronouncements,†none of which you’re hearing from the mainstream press and all of which we here at Money Morning told you were coming months ago.
Four things to think about:
1. The Fed’s doom and gloom forecast of 0.3% to 1.2% gross domestic product (GDP) growth represent the FOMC’s views from over a month ago. Since then, we’ve had a meager round…
3Jun2008 | Money Morning | Comments Off | Continued
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