“Sir John Templeton was the first American investment manager to pursue investments in foreign markets. He chose Mobius as his general to lead the Templeton Emerging Markets Fund, which invested heavily in dozens of emerging and frontier markets years before most other funds got a clue.
My fave quote:
“All markets, being based more in mass psychology than objective reality, have a tendency to overshoot and undershoot economic growth rates. Judging the influence of irrational emotion is, by the way, the way we make most of our money.”
Mobius, by the way, was the keynote speaker for the Asia Pacific Investment Conference 2009 at the Renaissance Hotel in Makati City, Philippines.
Back when mutual fund management was still an honorable gig. Sir John Templeton was the first mutual fund manager to begin actively investing in Emerging Markets (Mark Mobius is his right hand man in this regard). Peter Lynch of Fidelity Magellan was the top performing mutual fund manager of the 20th century. Read the rest of this entry »
Paris E. M. Murray