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John Templeton Has Died
EconomcPolicyJournal ^

Posted on 07/08/2008 11:05:21 AM PDT by Kozman

Billionaire, former mutual fund manager, Sir John M. Templeton has died. Templeton ran some of the most successful mutual funds during the initial boom years for mutual funds.

In 1939, when World War II began in Europe and the stock market was at record lows, Templeton borrowed $10,000 and bought 100 shares each in 104 companies that were selling at $1 a share or less, including 34 in bankruptcy. A few years later, he made large profits on 100 of the companies; four turned out to be worthless.

Templeton renounced his American citizenship in the 1960's and moved to the Bahamas.

He said his investment record improved after he distanced himself from Wall Street and no longer worried about the tax consequences of his decisions...

(Excerpt) Read more at economicpolicyjournal.com ...


TOPICS: Business/Economy; Religion
KEYWORDS: chuckcolson; johntempleton; philanthropy; templetonprize
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1 posted on 07/08/2008 11:05:21 AM PDT by Kozman
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To: Kozman
Templeton renounced his American citizenship

A real role model for today's corporate types. No understanding that some things are worth more than mere money.

"What does it profit a man to gain the whole world and lose his own soul."

2 posted on 07/08/2008 11:10:58 AM PDT by EternalVigilance (America's Independent Party: The citizen-led campaign to save America - www.selfgovernment.us)
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To: Kozman

So what? Today Mr Templeton stands before St Peter in his tightie-whities.


3 posted on 07/08/2008 11:13:47 AM PDT by skeeter
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To: EternalVigilance
"What does it profit a man to gain the whole world and lose his own soul."

I don't quite understand your point. Are you saying that Mr. Templeton lost his soul because he renounced his American citizenship? Where is that in the Bible?

L

4 posted on 07/08/2008 11:15:13 AM PDT by Lurker (Islam is an insane death cult. Any other aspects are PR, to get them within throat-cutting range.)
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To: Kozman

Brilliant Investor but also a bit wacked out, like Soros or some of the others.


5 posted on 07/08/2008 11:18:14 AM PDT by 1Old Pro
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To: EternalVigilance
He said his investment record improved after he distanced himself from Wall Street and no longer worried about the tax consequences of his decisions

A real role model for today's corporate types. No understanding that some things are worth more than mere money

Since we are a nation of immigrants, who left their home countries in search of a better life, do you have the same opinion about all of our ancestors? It appears one reason Mr. Templeton left this country was because he found more freedom elsewhere. Sounds to me like he valued freedom more than geography, like many of our ancestors.
6 posted on 07/08/2008 11:19:23 AM PDT by chrisser (The Two Americas: Those that want to be coddled, Those that want to be left the hell alone.)
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To: EternalVigilance

If America didn’t have one of the worst Tax systems in the world he wouldn’t have had to renounce his citizenship. More people should revolt against our disgusting, unfair tax system.


7 posted on 07/08/2008 11:20:27 AM PDT by FightThePower! (Fight the powers that be!)
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To: Kozman

Wasn’t he the first benefactor of the Heritage Foundation? I think he was one of the few Billionnaires who funded conservative think tanks. May God welcome him into heaven.


8 posted on 07/08/2008 11:23:10 AM PDT by winner3000
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To: Lurker; EternalVigilance
Genesis 15:18
In the same day the LORD made a covenant with George Washington, saying, Unto thy seed have I given this land, from California to the New York Island, from the Redwood Forest to the Gulf Stream waters, this land I give to you and your seed.

9 posted on 07/08/2008 11:24:33 AM PDT by Alter Kaker (Gravitation is a theory, not a fact. It should be approached with an open mind...)
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To: Lurker

Nope. I’m not saying that at all.

I’m saying that I wouldn’t trade my American citizenship for a million times the money this gentleman amassed.

What’s yours worth?

Whether he traded eternal riches for ultimately worthless money that now does him no good is a matter between him and God.


10 posted on 07/08/2008 11:28:03 AM PDT by EternalVigilance (America's Independent Party: The citizen-led campaign to save America - www.selfgovernment.us)
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To: Kozman
Templeton renounced his American citizenship in the 1960's and moved to the Bahamas.

Make sure he is buried in the Bahamas...

11 posted on 07/08/2008 11:28:12 AM PDT by 2banana (My common ground with terrorists - they want to die for islam and we want to kill them)
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To: FightThePower!

By giving up their citizenship? Wow.


12 posted on 07/08/2008 11:28:50 AM PDT by EternalVigilance (America's Independent Party: The citizen-led campaign to save America - www.selfgovernment.us)
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To: Kozman

http://www.nytimes.com/2008/07/09/business/09templeton-cnd.html?_r=1&pagewanted=all


13 posted on 07/08/2008 11:31:54 AM PDT by abb (Watergate was a Drive-By Media coup d'etat. )
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To: Alter Kaker

Washington had no children, a great regret to him. Otherwise that is an accurate translation. ;-)


14 posted on 07/08/2008 11:34:26 AM PDT by bvw
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To: Alter Kaker
Don't forget verse 23
Stand beside her,
and guide her,
throught the night
with the light
from a bulb.

15 posted on 07/08/2008 11:40:26 AM PDT by NonValueAdded (If it is going to take 10 years, shouldn't we get started? Drill here, drill now, pay less.)
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To: Kozman

He’s dead, Jim.


16 posted on 07/08/2008 12:00:34 PM PDT by RexBeach ("Americans never quit!" Douglas MacArthur)
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To: chrisser

Think of the mass exodus of capital from this country when 0bama becomes President. Yikes!


17 posted on 07/08/2008 12:12:33 PM PDT by definitelynotaliberal
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To: winner3000
Not only that but Templeton has donated to thousands of Christian organizations not only in America but also around the world!!!

The U.S. has punished achievers for decades for being successful. While I might NOT have give up U.S. citizenship, that makes him no less worthwhile to U.S. and to millions of struggling around the world.

18 posted on 07/08/2008 12:28:54 PM PDT by zerosix (native sunflower)
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To: Kozman

“Templeton was known for funding religion and science projects, donating millions to religious leaders, scholar, and scientists “
http://blog.christianitytoday.com/ctliveblog/archives/2008/07/philanthropist.html

Kind of looks that he might have known where to permanently store his riches US citizen or not.


19 posted on 07/08/2008 12:38:02 PM PDT by scottteng (Proud parent of a Life scout.)
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To: winner3000
Templeton also set up a foundation to promote dialog between scientists and theologians.
20 posted on 07/08/2008 12:45:19 PM PDT by stan_sipple
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