Focus on value because most investors focus on outlooks and trends.
Interpretation
Investors should prioritize fundamental value over market trends.
John Templeton emphasizes the importance of concentrating on the intrinsic value of investments instead of being swayed by external factors like market trends and forecasts. This perspective encourages a deeper analysis of what constitutes real worth in investments, suggesting that a focus on lasting value can lead to better decision-making and ultimately greater financial success.
In practice
In a finance seminar discussing long-term investment strategies.
The correct description is that we try every day to become more humble when we talk about divinity, we try to realize how little we know and how open minded we should be. It's self centered to think that human beings, as limited as we are, can describe divinity.
Life is made up not necessarily of great sacrifices or high-level duties but of little things. The smiles, the kindnesses, the commitments and obligations and responsibilities that are given habitually and lovingly are the blessings that win and preserve the heart and bring comfort to one's self as we as to others. This is the ministry of service performed by every useful life.
The correct description is that we try every day to become more humble when we talk about divinity, we try to realize how little we know and how open minded we should be.
The objective of our religious foundations is to teach people that they are hurting themselves when they say they believe something. What we should realize is we know almost nothing about God and therefore we should be eager to search and to learn.
The idea that an individual can find God is terribly self-centered. It is like a wave thinking it can find the sea.
Three of my children are medical doctors; they know at least a hundred times as much about your body as my grandfather knew, but they don't know much more about soul than he did.
For great things do not done just happen by impulse but are a succession of small things linked together.
I've been blessed to find people who are smarter than I am, and they help me to execute the vision I have.
To make the future demands courage. It demands work. But it also demands faith.
When I played cricket for the West Indies, I never worried. I never really watched anyone else. I had a job to do, and I tried to do it to the best of my ability.
Once you have made it, you will understand that any business is limited in the challenges it offers. You will want and need other games to play, so you will look for other ventures to hold your interest.
The market does not beat them. They beat themselves, because though they have brains they cannot sit tight.
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