Words of Wisdom

Famous Quote About Money and Investing From the late Sir John Templeton,

Famed Founder of Templeton Funds.

“Bull markets are born on pessimism, grown on skepticism, mature on optimism and die on euphoria. The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell.” – Sir John Templeton

Many investors are skeptical about the current rally in stocks. If there is truth in Sir John Templeton's words of wisdom, then these skeptics will be proven wrong once again as they are left behind as the train leaves the station.

My style of investment management seeks to align our accounts with the prevailing trend of the market. If the trend is down, I'm defensive; if the trend is up, I'm in it to win it. 

We have not had a 5 or more percent correction in the last 180 days. We are certainly due for a correction, but, when the music is playing we have to dance. For now, we are fully invested in all GWM Model Portfolios. I deal with it a day at a time.