Sir John Marks Templeton (John Marks Templeton) was born 29 november 1912 of the year in the small town of Winchester, Tennessee, in a poor family. While studying at Yale University, which fell on the period of the Great Depression, he was forced to support himself and was used to austerity. IN 1934 year he graduated from the university as the best student in his group, earning the opportunity to continue my studies at Belliol College, Oxford, who graduated, having received a degree in jurisprudence. IN 1937 year Templeton began his career on Wall Street.
His hour has struck 1939 year, when World War II began in Europe. Borrowing from your boss $10000, Templeton buys small-cap stocks, traded at the price $1 or below. This risky operation proved to be extremely successful and allowed him to make a profit., four times the loan.
IN 1954 Templeton introduced its largest fund, Templeton Growth, to the market., Ltd. His company was among the first, who made investments in the Japanese economy in the mid-1960s. As a result of effective investment and reinvestment, since then, every nested $100000 grew to 1999 year before $55 million. Among the most illustrative success stories, Templeton-related, – the fate of one of his first clients named Leroy Pasley (Leroy paslay). IN 1954 year this man suggested to Templeton $65 thousand. for further investment, And 40 years later, his fortune exceeded $37 million.
IN 1992 year Templeton sold a variety of funds, bearing his name, Franklin Group for $440 million. IN 2006 year he was at 129 place in the list of the richest people, created by the English newspaper The Sunday Times. Он отверг technical analysis состояния рынка акций, using fundamental analysis instead. Журнал Money в 1999 year called it “perhaps, the greatest collector of stocks of the XX century ".
IN 1968 year Templeton renounced US citizenship due to high taxes, received dual citizenship - the Bahamas and Great Britain, lived in Nassau in the Bahamas, where he died of pneumonia at the age 95 years. IN 1987 year Queen Elizabeth II of Great Britain conferred a knighthood on him for numerous achievements, including in social and charitable activities. IN 1996 Templeton inducted into the American Business Hall of Fame.
Templeton established the John Templeton Foundation for charitable purposes, Templeton Prize, Templeton Library in Sewanee (Sewanee) in his home state of Tennessee. IN 2007 year by Time Templeton magazine was named among the hundred most influential people. This honor was accorded to him for his "pursuit of spiritual understanding through scientific research" in connection with the establishment of the John Templeton Foundation..
