Templeton was one of the best inevstors ever. Much better than Soros pal Buffett. His mutual funds were okay andwere not run by him. His personal investing and insight were incredible.
I wonder where Templeton would invest today if he were still around. Freedom and competition are still alive in some hemispheres.
Templeton and others predicted the economic bust based on poor practices compared to historically sound practices. Those who stood by their convictions -- that is put their money where their mouthes were -- profited.
It is not the job of the Federal Reserve to predict and correct bubbles. Those that believe this are stoking the fires for more government interference in our economy. Couple the MSM's propaganda with some dems that want to tighten the relationship between the US Treasury and the Fed Reserve, and you have a scenario where the POTUS could effectively set Federal Reserve Policy.
Templeton personally shorted $100 million of tech stocks during the bubble at the end of the century. The majority of everyone else where falling all over themselves trying to justify and extend the insane overvaluation.
Be wary of “lost memos” that show how brilliant a deceased writer was...
Meanwhile we see the Dems rapidly trying to push the socialist agenda which will penalize the top innovators and capable in the name of ‘social justice’ and redistribution of wealth.
They are elitists who haven’t a clue about how the real world works.
Thanks for posting this voice from the grave.