The value investors: Lessons from the world’s top fund manager (Part 2)
Author: Ronald W. Chan
Mark Mobius (Templeton Emerging Markets Group)
“Never take other people’s advice when making an investment decision. Always make decisions based on what you have learned and act on the information that you have gathered”
Quoted from Sir John Templeton “bull markets are born on pessimism, grown on skepticism, mature on optimism and die on euphoria”
“When it comes to emerging markets, you cannot rely on numbers because they cannot be entirely trusted … Deep understanding of management is required”
“By being humble, you are more open to new ideas and can be more objective in your investment research. With an open mind, you can accept that the world changes and that you must constantly learn new things to keep pace with it… There’s not secret formula to investing… There’s only right attitude”
Strategy:
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