Smart money, dumb money

The late Sir John Templeton once said: To buy when others are despondently selling and to sell when others are avidly buying requires the greatest fortitude. Many investors get caught in popular investment themes. They enthusiastically buy near the top, then fearfully sell near the bottom when the market corrects its excess. Conversely, the greatest investment returns in history have been made by ...

The late Sir John Templeton once said: To buy when others are despondently selling and to sell when others are avidly buying requires the greatest fortitude. Many investors get caught in popular investment themes. They enthusiastically buy near the top, then fearfully sell near the bottom when the market corrects its excess. Conversely, the greatest investment returns in history have been made by ...

The late Sir John Templeton once said: To buy when others are despondently selling and to sell when others are avidly buying requires the greatest fortitude. Many investors get caught in popular investment themes. They enthusiastically buy near the top, then fearfully sell near the bottom when the market corrects its excess. Conversely, the greatest investment returns in history have been made by ...

The late Sir John Templeton once said: To buy when others are despondently selling and to sell when others are avidly buying requires the greatest fortitude. Many investors get caught in popular investment themes. They enthusiastically buy near the top, then fearfully sell near the bottom when the market corrects its excess. Conversely, the greatest investment returns in history have been made by ...

The late Sir John Templeton once said: To buy when others are despondently selling and to sell when others are avidly buying requires the greatest fortitude. Many investors get caught in popular investment themes. They enthusiastically buy near the top, then fearfully sell near the bottom when the market corrects its excess. Conversely, the greatest investment returns in history have been made by ...

The late Sir John Templeton once said: To buy when others are despondently selling and to sell when others are avidly buying requires the greatest fortitude. Many investors get caught in popular investment themes. They enthusiastically buy near the top, then fearfully sell near the bottom when the market corrects its excess. Conversely, the greatest investment returns in history have been made by ...

The late Sir John Templeton once said: To buy when others are despondently selling and to sell when others are avidly buying requires the greatest fortitude. Many investors get caught in popular investment themes. They enthusiastically buy near the top, then fearfully sell near the bottom when the market corrects its excess. Conversely, the greatest investment returns in history have been made by ...