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Sir John Marks Templeton (29 November 1912 – 8 July 2008) was an American-born British investor, banker, fund manager, and philanthropist. In 1954, he entered the mutual fund market and created the Templeton Growth Fund, which averaged growth over 15% per year for 38 years. A pioneer of emerging market investing in the 1960s, Money magazine named him "arguably the greatest global stock picker of the century" in 1999.
In 1939, Templeton, during the Depression of the 1930s, had his broker purchase 100 shares of each NYSE-listed company which was then selling for less than $1 a share (equivalent to $22 in 2,023) (104 companies, 34 in bankruptcy, in 1939), later making many times the money back when US industry picked up as a result of World War II. According to Templeton, he called his broker the day World War II began and instructed him to make the purchases. This stratagem helped make him a wealthy man.
Templeton became a billionaire by pioneering the use of globally diversified mutual funds. His Templeton Growth Fund, Ltd. (investment fund), established in 1954, was among the first American firms to invest in Japan starting in the mid-1960s. Templeton also created funds specifically in certain industries such as nuclear energy, chemicals, and electronics. By 1959, Templeton's company made their initial public offering, with five funds and more than 66 million dollars under management.
In 2006 he was listed in a seven-way tie for 129th place on The Sunday Times's "Rich List".
Source: Wikipedia
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