Published on Nov 19, 2015
Sir John Templeton Tribute
0:04
each other
0:09
beneficial we don’t know why God put us here it may have been that we are
0:16
supposed to make the best use of our lives to serve united in general I used
0:22
the talent I thought God gave me to select in their search for people
0:28
John marks Templeton was born November 29 1912 in the small town of Winchester
0:33
Tennessee from his mother he learned the value of education and to explore new
0:39
ideas with a perpetual sense of optimism his father was a lawyer and entrepreneur
0:45
who taught young john has earliest lessons in finding opportunities where
0:49
others could see none
0:50
john was an exceptional student who graduated first in his high school class
0:54
and was the first in his town to attend college
0:58
his determination and scholastic achievements to them to Yale University
1:02
but unfortunately the depression soon during the finals finances but I would
1:08
second year at Yale
1:11
while they told me that he couldn’t give me even $1 to go back to college I
1:18
thought that was a tragedy but it turned out to be one of the greatest blessings
1:22
anybody ever gave me because it made me an endo and made me stand on my own two
1:28
feet and then learned the work hard because working hard was the way to
1:33
produce a better result at the age of 18 John had to rely on his own
1:39
entrepreneurial skills to pay for the rest of his college education after
1:44
earning a master’s degree in law john templeton set out to tour the world he
1:49
visited 40 countries and returned home in 1937 determined to build an
1:54
investment business with a global perspective the growth of prosperity in
1:59
the world will be greater when we can all invest in each others focus that’s a
2:06
very inspiring idea to me john started working on wall street in 1937 and by
2:13
1940 he had created his own investment company fourteen years later he
2:19
established the templeton growth fund in 1954
2:23
when we started in a draw upon I didn’t fly from New York and Toronto took over
2:29
night
2:29
home and we held at cheryl has needing and/or May 1 careful
2:37
I thought fit to serve the people in the future and the future with the best
2:45
organization I could find in the world and have to talking with fast number of
2:52
different institutions we selected Franklin Resources up San Mateo
2:59
California my first memory of Sir John was back in 1991 when negotiating the
3:05
merger back in the templeton offices and nasa and we always knew you know what I
3:10
incredibly successful investment organization that he ran that we didn’t
3:15
know was what a tough negotiators John was in and he really went over every
3:19
piece of paper every merger document I remember sitting there at eleven o’clock
3:24
at night and just being amazed at how he could working 14 hours sitting there
3:29
going over page 798 and he did initial every page just just an amazing first
3:35
hand
3:35
and this this merger with Singh’s comment today at the time I was one of
3:39
the first and it really has been a tremendous success it makes me feel very
3:44
hard because throughout all of my eighty three years I have had tremendous help
3:51
from other people and it’s obvious to you under 18 and the brains in the
4:00
wisdom get better every year and I hope it will be that way
4:05
year after year even after I’m gone you must be sure that you don’t listen to
4:17
much to your competitors has stopped never goes down to a very low price
4:22
except one reason and that is that almost everybody trying to sell it so
4:28
you have to be prepared with the independence of you point to be able to
4:33
go to get the crowd to do the opposite of what almost all people are doing
4:37
including the expert otherwise you don’t get in at a bargain price
