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.
I am more and more impressed with the possibilities of history's repeating itself on many different counts. You don't get very far in Wall Street with the simple, convenient conclusion that a given level of prices is not too high.
There are two main drivers of asset class returns - inflation and growth.
Twenty years in this business convinces me that any normal person using the customary three percent of the brain can pick stocks just as well, if not better, than the average Wall Street expert.
The propensity to swindle grows parallel with the propensity to speculate during a boom the implosion of an asset price bubble always leads to the discovery of frauds and swindles
You win the modern financial-regulation game by filing the most motions, attending the most hearings, giving the most money to the most politicians and, above all, by keeping at it, day after day, year after fiscal year, until stealing is legal again.
At long as a stock is acting right, and the market is right, do not be in a hurry to take profits. One should never permit speculative ventures to run into investments.
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