The Money Men – Forbes, July 1974

The Money Men – Forbes, July 1974
NikolayFrolochkin / Pixabay

A friend shared the following article with us this week from the July 1974 edition of Forbes magazine. In 1974, Sir John Templeton was 61 years old. The Templeton Growth Fund was relatively unknown with only $18 million under management. After publication of the following article, AUM grew exponentially. When Sir John sold the business in 1992, the Templeton Funds managed approximately $20.7 billion!

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“The best bargains are not stocks whose prices are down the most, but rather those stocks having the lowest prices in relation to possible earning power of future years.”
~ Sir John Templeton, October 1957

Follow the Link Below for the Article The Money Men  (Forbes, July 1974)

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