John Templeton

If you have some cash laying around somewhere, not earning interest money (really, I don't like interest based financial - read my old posts), and inflation is killing you, you might want to consider investing in the ASX now.  Share price has never been this cheap for some years, some might even consider to rename ASX as Crazy Clark! 

Talking about investing cash in a crunch time, one might take lesson from John Templeton, one of the greatest investor known.

John Templeton was most famous for buying $100 of every stock trading below $1 on the New York and American Stock Exchanges.  That was in 1939. His trade got him a junk pile of some 104 companies, 34 of which were bankrupt, for a total investment of roughly $10,400.  Four years later he sold these stock for more that $40,000. In 1999, Money Magazine called him 'arguably the greatest global stock picker in the century'. 

This is his investment style, for a 'John Simpleton' like me to learn: 

• He is one of the past century's top contrarian.
• Looking for value investments, he called it 'bargain hunting'
• Search for companies that offered low prices and an excellent long term outlook.
• As a value-contrarian investor, he believed that the best bargains were in stocks that were completely neglected, those that other investors were not even studying.