Contrarian Investing & Sir John Templeton w/ Scott Phillips (TIP594)
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- Опубликовано: 1 июн 2024
- Clay is joined by Scott Phillips to discuss how to invest during times of max pessimism. Scott is married to and manages money with Lauren Templeton, who is Sir John Templeton’s great-niece. Sir John was one of the greatest international investors of the 20th century and the master of finding pockets of the market that were most distressed and offered the highest level of asymmetric returns.
Scott Phillips is a Principal and Chief Investment Officer at Templeton and Phillips Capital Management, LLC. Mr. Phillips also serves as a Managing Member to the Templeton and Phillips Partners Fund, LLC.
IN THIS EPISODE, YOU'LL LEARN:
0:00:00 - Intro
0:00:38 - What helped Sir John Templeton think independently and have the courage to stray from the crowd.
0:08:27 - Sir John’s lessons living through the Great Depression.
0:15:08 - How Scott works to teach his children the values around money that Templeton embodied.
0:20:42 - The investment lessons that Scott learned from studying the career of Templeton.
0:33:27 - The three ways to generate excess returns in the markets.
0:44:04 - How Scott’s fund capitalized on the market panic in March 2020.
0:49:28 - Areas of the market Scott deems to be significantly undervalued.
0:54:18 - Why US investors should consider diversifying away from the dollar.
1:02:59 - Scott’s current thoughts on investing in China.
1:10:32 - How Scott thinks about shorting the occasional bubble in the market.
1:18:53 - Scott’s thoughts on continuing to be optimistic about the future.
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▶️ RELATED EPISODE:
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📖 BOOKS MENTIONED:
- Investing the Templeton Way by Lauren Templeton & Scott Phillips: amzn.to/3v9WE60
- The Templeton Touch by William Proctor & Scott Phillips: amzn.to/4826h5f
- Buying at the Point of Maximum Pessimism by Lauren Templeton & Scott Phillips: amzn.to/3tdWgTq
- Templeton Plan by Sir John Templeton: amzn.to/3tfACy9
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Great Historian
Very much appreciated
Thanks Raj Singh
Another great interview!! This channel is a gold mine of information.
Wow, thank you so much!
Bought Templeton Growth Fund in 1979 basically on the recommendation of the Merrill Lynch Broker who first and foremost saw the 8.5% fee to justify my small investment. Sold in 1997 at the right time for the wrong reason. Amazingly, it averaged 15.5% appreciation per year. I do not think this is possible today and the Templeton funds/etfs are not the same .
Luckily or unluckily, suitability rules nowadays also mean regulators would come down hard on advisors (at least those at the big firms) who get dollar signs in their eyes and therefore they'd need to really really prove a high sales charge fund is in your best interest. Versus what can be achieved with lower cost alternatives. PS Great to hear about those returns!
Templeton funds left Turkey right when sir John would have been buying!
they might came back
Impressive about sir jhon Templeton
Thank you for tuning in! 🙌
throughout the interview scott was standing ?..we know lauren is a serious weight trainer
It’s surprising to hear very smart people be so dogmatic. There’s room for deep value and quality investing in everyone’s portfolio. Fortinet is a perfect example of quality that’s at a huge bargain right now. Dollar General on the other hand is a deep value play that very few like right now.
Best investors keep their minds open. I’m sure Templetons do as well but interesting to see the pockets of bias.
Great interview but has he read the news recently? We’re still combating inflation but to say we’re still tightening is a wild statement.
Edit: his comments about China make clear that this was recorded a while ago. They’ve again proven how unreliable they are. Say one thing do another.
I own Luckin but won’t touch anything else for now.