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From Kirsten Bischoff, New York: Lauren C. Templeton and Scott Phillips, both of Lauren Templeton Capital Management (LTCM), take an in-depth look at value investing in their recently published book “Investing the Templeton Way” (McGraw-Hill, 2008). Focusing mainly on the investment strategy’s most legendary figure (and Lauren Templeton’s uncle) Sir John Templeton, the duo review the methods of the man Money magazine called “arguably the greatest stock picker of the century.”
Tennessee based LTCM manages approximately $150m in assets through the LT Market Neutral Fund, the LT Low Volatility Fund and the Global Maximum Pessimism Fund. LTCM Founder and President Lauren Templeton spoke with Opalesque about her uncle, the value investing strategy, and what some might say are pessimistic times.
Sir John Templeton – Value investing pioneer
Sir John Templeton became a value investing pioneer when he took the strategy a step further, applying it on a global scale. In 1939, as the United States was still in the throes of the Great Depression, Hitler made his way across Europe, and Franklin D. Roosevelt began to consider mobilizing manpower. That year, with the belief that war would cause a surge in demand for industrial goods and benefit the long-suffering US market, Templeton used $10,000 to purchase $100 of every stock trading below $1 (which translates to stocks trading below about $15 today) on the New Y...................... To view our full article Click here
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