There will always be bull markets followed by bear markets followed by bull markets
Interpretation
Market trends alternate between rising (bull) and falling (bear) phases.
John Templeton's quote reflects the cyclical nature of financial markets, suggesting that periods of growth and decline are a natural and inevitable aspect of investing. It encourages investors to remain patient and prepared for the fluctuations that occur over time, reinforcing the idea that both prosperity and adversity are temporary states in the realm of finance.
In practice
During an investment seminar to illustrate market behavior.
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.
When somebody asserts that a stock has an earning power of so much, I am sure that the person who hears him doesn't know what he means, and there is a good chance that the man who uses it doesn't know what it means.
A big part of financial freedom is having your heart and mind free from worry about the what-ifs of life.
It is absurd to think that the general public can ever make money out of market forecasts.
When getting help with money, whether it is insurance, real estate or investments you should always look for a person with the heart of a teacher, not the heart of a salesman.
Investors must keep in mind that there's a difference between a good company and a good stock. After all, you can buy a good car but pay too much for it.
If you owe the bank $100 that's your problem. If you owe the bank $100 million, that's the bank's problem.
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