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.
Achievement must be made against the possibility of failure, against the risk of defeat. It is no achievement to walk a tightrope laid flat on the floor. Where there is no risk, there can be no pride in achievement and, consequently, no happiness. The only way we can advance is by going forward, individually and collectively, in the spirit of the pioneer. We must take the risks involved in our free enterprise system. This is the only way in the world to economic freedom. There is no other way.
There is no hope of success for the person who does not have a central purpose, or definite goal at which to aim.
To win takes a complete commitment of mind and body. When you can't make that commitment, they don't call you a champion anymore.
I know it's not the most important thing for me to win the most Grand Slams and be remembered in this world. I certainly don't have to win little tournaments here, there and everywhere, I don't have to win at all. Although I do want to.
With the Supremes I made so much money so fast all I wanted to do was buy clothes and pretty things. Now I'm comfortable with money and it's comfortable with me.
Wealth comes from knowing_x000D_ what others do not know.
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