Regarded as a pioneer of global investments in the 1950s, Sir John Templeton's sixteen rules for success still form part of the philosophy employed by gurus like Mark Mobius and Murdoch Murchison. As his name suggests, Templeton founded the Templeton Group while Mark Mobius is managing director of Templeton Emerging Markets Fund. Murchison is best known for his work as banking and mining analyst for the Templeton Funds Group. Sir John Templeton's sixteen rules for investment success:
1. If you begin with a prayer, you can think more clearly and make fewer mistakes.
2. Outperforming the market is a difficult task. The challenge is not simply making better investment decisions than the average investor. The real challenge is making investment decisions that are better than those of the professionals who manage the big institutions.
3. Invest don't trade or speculate. The stock market is not a casino, but if you move in and out of stocks every time they move a point...
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