Name | Sir John Marks Templeton |
---|---|
Birth name | John Marks Templeton |
Birth date | November 29, 1912 |
Birth place | Winchester, Tennessee, United States |
Death date | July 08, 2008 |
Death place | Nassau, Bahamas |
Occupation | Businessman, Philanthropist |
Nationality | Renounced US citizenship and became British in 1968 }} |
Sir John Marks Templeton (November 29, 1912 – July 8, 2008) was an American-born British stock investor, businessman and philanthropist.
Templeton married Judith Folk in 1937, and the couple had three children: John Jr., Anne, and Christopher. Judith died in February 1951 in a motorbike accident. He then married Irene Reynolds Butler in 1958; she died in 1993.
He was a lifelong member of the Presbyterian Church. He served as an elder of the First Presbyterian Church of Englewood (NJ). He was a trustee on the board of Princeton Theological Seminary, the largest Presbyterian seminary, for 42 years and served as its chair for 12 years.
Templeton became a billionaire by pioneering the use of globally diversified mutual funds. His Templeton Growth, Ltd. (investment fund), established in 1954, was among the first who invested in Japan in the middle of the 1960s. He is noted for buying 100 shares of each company for less than $1 ($}} today) a share in 1939 and making many times the money back in a 4 year period. In 2006 he was listed in a 7-way tie for 129th place on the Sunday Times Rich List. He rejected technical analysis for stock trading, preferring instead to use fundamental analysis. Money magazine in 1999 called him "arguably the greatest global stock picker of the century”. He renounced his U.S. citizenship in 1968, thus avoiding U.S. income taxes. He had dual naturalized Bahamian and British citizenship and lived in the Bahamas.
Templeton College is now closely associated with Oxford's Saïd Business School. In 2007, Templeton College transferred its executive education program to Saïd Business School. In 2008, Templeton College merged with Green College to form Green Templeton College. This is one of the exceptional mergers in recent history of the University of Oxford.
He was created a Knight Bachelor in 1987 for his philanthropic efforts. Templeton was inducted into the Junior Achievement U.S. Business Hall of Fame in 1996, and in 2003 awarded the William E. Simon Prize for Philanthropic Leadership.
His philanthropic activities had been estimated at over 1 billion US dollars in total.
Templeton attributed much of his success to his ability to maintain an elevated mood, avoid anxiety and stay disciplined. Uninterested in consumerism, he drove his own car, never flew first class and lived year-round in the Bahamas.
Templeton became known for his "avoiding the herd" and "buy when there's blood in the streets" philosophy. He also was known for taking profits when values and expectations were high.
Templeton was a Chartered Financial Analyst (CFA) charter-holder. He received AIMR's first award for professional excellence in 1991.
In 2005, he wrote a brief memorandum predicting that within five years there would be financial chaos in the world. It was eventually made public in 2010.
Templeton asserts that the purpose of the Templeton Foundation is as follows:
Category:1912 births Category:2008 deaths Category:People from Winchester, Tennessee Category:Alumni of Balliol College, Oxford Category:American money managers Category:American motivational writers Category:American philanthropists Category:American Presbyterians Category:American Rhodes scholars Category:American spiritual writers Category:Bahamian businesspeople Category:Bahamian Presbyterians Category:British businesspeople Category:British money managers Category:British philanthropists Category:Deaths from pneumonia Category:Infectious disease deaths in the Bahamas Category:Knights Bachelor Category:People with acquired British citizenship Category:Stock and commodity market managers Category:Yale University alumni Category:The Yale Record alumni
de:John Marks Templeton es:John Templeton fr:John Templeton ko:존 템플턴 he:ג'ון טמפלטון pl:John Templeton ru:Темплтон, Джон Маркс fi:John TempletonThis text is licensed under the Creative Commons CC-BY-SA License. This text was originally published on Wikipedia and was developed by the Wikipedia community.
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This text is licensed under the Creative Commons CC-BY-SA License. This text was originally published on Wikipedia and was developed by the Wikipedia community.
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