Feb
17

John Templeton

Sir John Marks Templeton (John Marks Templeton) was born November 29, 1912 in the small town of Winchester, Tenn., in a poor family. While studying at Yale, which fell on the Great Depression, he was forced to support themselves independently and become accustomed to austerity. In 1934 he graduated as best student in their group, earning the opportunity to continue their studies in college Belliol in Oxford, which he graduated, receiving a degree in jurisprudence. In 1937, Templeton started his career on Wall Street.

His hour had struck in 1939, when Europe started in World War II. After taking his boss at $ 10000, Templeton bought shares of small capitalization companies, traded at a price $ 1 or below. This was risky to be extremely successful and allowed him to make a profit, exceeding credit four times.

In 1954, Templeton introduced to the market its largest fund Templeton Growth, Ltd. His company was among the first who made investments in the economy of Japan in the mid 1960’s. As a result of effective investment and reinvestment in operation since that time, every embedding of $ 100,000 rose by 1999 to $ 55 million included the most indicative of success stories associated with Templeton – the fate of one of its first customers on behalf of Leroy grazed (Leroy Paslay). In 1954, this man offered Templeton $ 65 thousand for further investment, and 40 years later, his condition has exceeded $ 37 million

In 1992, Templeton has sold a variety of foundations, bearing his name, the company Franklin Group for $ 440 million in 2006, he was on the spot in the 129 richest people, created by the British newspaper Sunday Times. He rejected technical analysis of market shares, using instead the fundamental analysis. Money magazine in 1999 called him “perhaps the greatest collector of shares of XX century”.

In 1968, Templeton renounced U.S. citizenship because of high taxes, has dual citizenship – the Bahamas and the UK, lived in Nassau in the Bahamas, where he died of pneumonia at the age of 95 years. In 1987, Queen Elizabeth II awarded him knighted for numerous achievements, including in social and charitable activities. In 1996, Templeton was placed in the Hall of Fame of American business.

Charitable purposes Templeton established the John Templeton Foundation, Templeton Prize, Templeton library in the city Syuani (Sewanee) in his home state of Tennessee. In 2007, Time magazine Templeton was named among the hundred most influential people. This honor was given to him for his “commitment to spiritual understanding through scientific research” in connection with the establishment of the John Templeton Foundation.

My blog find on following phrases:

Interesting links:

Share and Enjoy:
  • Twitthis
  • Facebook
  • Google Bookmarks
  • RSS
  • E-mail this story to a friend!
  • Twitter
  • MySpace
  • Yahoo! Bookmarks
  • Technorati

Similar articles:

Post comment