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These Are the Four Most Dangerous Words in Investing, According to This Legendary Investor

Apr 07, 2026 16:20 UTC

Sir John Templeton was a renowned stock picker who knew a thing or two about bubbles..

  • For new and even experienced investors, there's a lot to learn from what has happened in the stock market throughout history
  • Similar patterns have emerged over centuries, with investor euphoria often fueling bubbles and then resulting in crashes later on
  • Sir John Templetonwas one of the best stock pickers of the 20th century, and he wasn't afraid of buying at a time when the market was pessimistic

For new and even experienced investors, there's a lot to learn from what has happened in the stock market throughout history. Similar patterns have emerged over centuries, with investor euphoria often fueling bubbles and then resulting in crashes later on. Sir John Templetonwas one of the best stock pickers of the 20th century, and he wasn't afraid of buying at a time when the market was pessimistic. He managed a growth fund that would, for decades, average an annual return of more than 14% -- that's better than the 10% long-run average of theS&P 500(^GSPC0.38%). Templeton was, however, cautio

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