Investing the Templeton Way | Lauren Templeton | Talks at Google
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This talk covered the subjects of value investing and behavioral finance through the lens of a practitioner. Ms. Templeton spoke on the subject with an eye towards both beginners and practitioners, while sharing valuable lessons learned from her great-uncle, Sir John Templeton.
Lauren C. Templeton is the founder and president of Templeton & Phillips Capital Management, LLC; a value investing boutique located in Chattanooga, Tennessee. Ms. Templeton received a B.A. in Economics from the University of the South. She is the founder and former president of the Southeastern Hedge Fund Association, Inc. based in Atlanta, Georgia.
Ms. Templeton currently serves the on the Board of Trustees at the Baylor School, Board of Advisors for The Beacon Center of Tennessee and the Atlas Board of Overseers. Ms. Templeton is also an active member of Rotary International. She serves on the investment committee of Chattanooga Rotary Club 103 and the investment committee of The Rotary Foundation. In the past, Ms. Templeton has served as President of the Atlanta Hedge Fund Roundtable and as the Director of the Galtere Institute: Finance for the Future Initiative at the University of Tennessee at Chattanooga. Additionally, Ms. Templeton has been a member of the Board of Directors of the Memorial Hospital Foundation, a member of the Finance Advisory Board of the University of Tennessee Chattanooga, and also served on the Chattanooga Area Chamber of Commerce Board of Directors. Lauren is the great niece of Sir John M. Templeton and is a current member of the John M. Templeton Foundation. The John Templeton Foundation was established in 1987 by renowned international investor, Sir John Templeton. Lauren Templeton began investing as a child under the heavy influence of her father as well as her late great-uncle, Sir John Templeton. Professionally speaking, Lauren began her career working with managed portfolios and investments in 1998, beginning as a junior associate at the financial advisor Homrich and Berg and later the hedge fund management company New Providence Advisors both of Atlanta. In 2001, Lauren launched her own hedge fund management company which dedicates its efforts to the practice of value investing across the global markets using the same methods learned from her great-uncle, Sir John Templeton. Ms. Templeton is also the co-author of, Investing the Templeton Way: The Market Beating Strategies of Value Investing Legendary Bargain Hunter, 2007, McGraw Hill, which has been translated into nine languages. Lauren lives in Chattanooga, with her husband, Scott Phillips, who is a portfolio manager of the Global Maximum Pessimism Fund and author of the investing book, Buying at the Point Maximum Pessimism: Six Value Investing Trends from China to Oil to Agriculture, 2010, FT Press, and co-author to the revised edition of The Templeton Touch, 2012, Templeton Press. Lauren and Scott produce a monthly investment report titled the Maximum Pessimism Report. Lauren and Scott enjoy spending their free time with their two daughters.
Get the book here: goo.gl/Msw2VK
Пікірлер: 188
Amazing wholesome family. God bless the Templeton family.
Smart advice. Templeton and Buffett are two people who have truly help to shape my views on investing.
LaurenTempleton, thanks for your excellent lecture. Very much appreciated
Excellent. I didn't know much about the Templeton family, but this was fascinating from a historical perspective and also packed with timeless wisdom. I really liked the concept of "the doctrine of the extra ounce". This talk should be required watching for all young investors (and many older ones too !)
definitely one of the most important videos i've seen... thank you Google for uploading such wisdom, for free...
Brilliant. She is a very confident speaker with good info to share
Excellent, this is how intelligent speech is heard.
This is amazing! Thank u for such a wonderful presentation
I have learned a lot listening to you. Very smart lady. Thank you.
Excellent speech!!!!
“Just buy your own companies stock.” Would’ve been first but she’s really wonderful and insightful. Enjoined the conversation.
The Humble Approach is one of the best books ever written. Love John Templeton.
Laura is the BOSS! So insightful and full of great advice. Thank you for this wonderful talk.
This is one of the most excellent talk on investing. Talking about few things, which we miss as an investor and the psychology of the money/investing and its relation with human emotions.
@parveenkumar-xo4lh
2 жыл бұрын
Amazing talk
Saw this video like 5 times in the last one year. Amazing talk & thanks for sharing some of the best info.
@subshomegreenhiskills
4 жыл бұрын
I read her book. It was very insightful: Invest like Templeton.
so much insightful information. Thank you
Great speaker!
This is spectacular prescription, thank you!!!!
This is fantastic, and her assessment of companies being overstretched and overvalued was very prescient.
One of best to hear
Thank You Lauren,....God Bless You.
Wonderful talk.
great talk.
Amazing talk
Gotta love her Southern drawl.. ❤
@Ramilduman
2 жыл бұрын
She is cute and smart. Allah🌹❣
I spent a lot of time with John Templeton! He was an amazing man!
Wonderful insight
Great talk Lauren!
Good lecture...! Thank you, Pretty Lady...!
I just watched this video, 1 year after I started my trading activities. And I LOVE THE PRINCIPAL mentioned here by Lauren Templeton. I have been doing value investing for the past 4 months and have seen more results and better mental state compared to previous times. Being a trader has changed the way I think and the way I corelate and aware about the cycle and karma.
@kedarisgreat
3 жыл бұрын
The improved mental state is most satisfying in the long run
Great idea re short list of securities. Great talk, I got a lot of good from it.
The marshmallow test analogy really hits home. Thank you!
Great talk, thanks for publishing this Google!
Great talk! Respect the wisdom shared.
a great video about buying the dip that never actually mentions "buying the dip"!
btw Google, screw the numbers the views and the likes, these talks are awesome...!
Great talk. Id never heard of the “templetons” even though I read a lot about investing
Great presentation.
I can't even express how much Ben Graham/John Templeton/Warren Buffett/Charlie Munger have changed my life. Changed my views on money and more importantly views on life.
@kv6639
6 жыл бұрын
Try to express it so we can learn too thank you :)
@danielscipione9698
5 жыл бұрын
Read Poor Charlie Munger's Almanac...
@johnspeight5821
5 жыл бұрын
Any investing in s and p 500?
@kriegerdeslichts7481
5 жыл бұрын
did their methods also change your bank account?
@paulodo7537
3 жыл бұрын
As an immigrants guys these guys are phenomenal. Full of wisdom
SPX was trading around ~2,300 in March '17 when she gave the talk - the PEAK came almost 3 years later in Feb '20 at 3300 - you'd missed ~40% gain, had you stopped buying stocks. PATIENCE IS the KEY.
Beautiful and a great accent!!! 😀😍😙
Amazing woman, love the accent!
All these good points about her ancestors and then the awful conclusions - watching this in march 2021
Smart, Beautiful, and Graceful.
She is great, I love same 2012 presentation as well. I just wanted to add, that there always be psychological edge available.
Beauty with Brain ..
MRs.
Sir John Templeton should be proud of such successor.
@MusikPiratCH
6 жыл бұрын
Maybe Sir John Templeton is proud. But on the same time I have the feeling Sir John was even smarter than her! :D
great insights and composure! what the hell have I been doing with my time playing video games....
26:12 this chart is essential.
Great talk!
I really enjoyed your presentation. Thank you very much for time, and sharing your knowledge and gold nuggets. Any further suggestions for books or additiinal knowledge?
love her accent(I'm foreign)...
Price is what u Pay , Value is what u get ....
Lauren is an extremely smart lady.
@originalideas9617
7 жыл бұрын
hot , every hot
@Shawk95
7 жыл бұрын
Yeah ---- she is extremely attractive too.
@MusikPiratCH
6 жыл бұрын
I think Sir John was even smarter! xD
Such a lovely person her uncle would be proud
@scottab140
6 жыл бұрын
Easy on the eyes.
If I ever have a daughter I hope she grows up to be like her
@fezario
Жыл бұрын
I just had a daughter this week
@UrbanJournal
8 ай бұрын
@@fezariolet us know how it goes 🍻
'Trouble is opportunity' sounds like something Littlefinger said.. LOL
@luckerooni7628
5 жыл бұрын
Hell, it's mild compared to Buffett's "be greedy when others are fearful" or even Rothschild's "buy when there's blood in the streets."
39:50 this is a serious question
"Doctrine of the Extra Ounce" "Patience"
If we continue talk about crash than crash won’t come... as everyone already protected.
Smart and beautiful
Beauty with brains !
💎
Fair fax
Please add English Auto- Subtitled ! Thank You
Buffett said it best the main quality u need as an investor is temperament.
wow!!! she is beautiful.
@abcabc8740
3 жыл бұрын
voice fry
@jameson6930
3 жыл бұрын
Really. If she was broke and a single mother would she be beautiful to you.
2x saves time
👌👌
2-20 funds.. where do I sign up for my own fund to cash in on juicy commissions? My fund will have a 1000 year reputation: dating back 1018!
Sure. Just give them money and let them decide when when to time the market. This is common sense stuff, but her point about common investor decision making is the key. She fails to mention that index funds will beat the market and don't require a firm.
Beauty is the costliest asset one can have
Lauren is cute and smart. She is awesome
im in love
Buying low and selling high sounds great and we all know how difficult that can be. Beyond that I was surprised at some of the bad data and misunderstandings presented. The comments on the 4% rule were just plain wrong. An average return of 2% over the inflation rate is all that is needed to cover the 4% rule. The numbers presented were a "real" rate of 5.6% plus coverage for inflation thus bringing the required return to 8-8.5%. Scary, but not true.
@chrisf1600
2 жыл бұрын
Read Bengen's original paper ("Determining Withdrawal Rates Using Historic Data"). On the very first page, he describes a hypothetical financial adviser who makes the exact same mistake you're making. He then goes on to explain why the adviser is wrong. TLDR : the market doesn't return an "average rate" every year. It swings up and down wildly, and if you're making regular withdrawals to fund your retirement then there is a very real chance of losing everything. Hence the concept of the safe withdrawal rate based on historic market data, with the emphasis on "safe".
Can someone tell the name of the guy interviewing Ms Templeton?
@ChaitanyaKhanna
4 жыл бұрын
@MasterStryfe Apu?
S&P is over 2900 today.
6:18 current situation.
If you are really good in value investing then PE and LBOs are the thing for you
The 4% rule works for the numbers presented, the verbal calculation is inaccurate. At historic inflation, your blended rate of return needs to 1% over inflation. At very high inflation, the blended return needs to be only 0.7% above inflation. If the SP500 yields 5.6% at the time of the talk and 2.4% bonds yield, even a 50-50 would be fine at 4% blended return, as it would be 1% over a 3% inflation and hence suffice.
@jjukjkjiok7782
Жыл бұрын
I would add that it works even at say high inflation of 10%. During periods of high inflation, the earnings yield of 5.6% would be supplemented by nominal earnings growth rate of 10% proportionate to inflation (due to price rises, with real earnings staying almost same over the long term), leading to 15.6% total earnings return. But there is capital loss as increasing interest rates would collapse asset prices, but in the long run asset prices would recover as times normalize.
Translation: "You all look like you have a good stash ... give it to me, I'll look after it for you ... wink wink"
@trollol_
3 жыл бұрын
exactly show me return performance lady i don't want to her about your dead grand daddy and his second story office and his cotton gin and his bags of cotton lol scam marketing red lip stick exposed arms and legs just look at those legs boys lol sex sells
I beg of you - watch this video at .75 speed. And grab a vodka/tonic. You're welcome. =]
@satrandhawadtm8115
3 жыл бұрын
Why drink?
@harvardmurrayinc
3 жыл бұрын
@@satrandhawadtm8115 slow you down and slow it down.
@harvardmurrayinc
3 жыл бұрын
@Cristiano Lopes ok thats weird
Those of us in crypto , 60% or 200% in 2 years .. we are here for 10000% and in 6 months 😀
tldr: buy low sell high
@brykit1972
7 жыл бұрын
*actually* buy low sell high
@MusikPiratCH
6 жыл бұрын
What happens most often is the contrary: buy high sell low! xD
@zanpaktuh
6 жыл бұрын
Everyone knows that but the problem is knowing what is low and what is high.
@ctanner6545
6 жыл бұрын
She was saying take the mean p/e as an indicator and buy lower than that. If you are the selling type, sell at a price higher than the mean.
@golfprochen
6 жыл бұрын
So very true. But, the market always make people buy high and sell low. This talk pretty much tells you why?
"I workout daily" ... *cameraman showing the physique* - precise proof. Fit lady with a sharp mind.
What is 'reaching for marshmellows'? Companies with too much debt, not funding growth, is scary.
@itrthho
5 жыл бұрын
short-term profit/loss taking instead of taking a long-term holding of stocks
SWEETSY!
@Adam-ui3ot
4 жыл бұрын
Daniel Young WATEs Wanker.
Very beautiful woman
Wage worker good at controlling emotion?
Let's buy Facebook ya'll is down 25%
@nessious1
4 жыл бұрын
So did you buy Facebook?😜
Did Warren Buffet and John Templeton know each other??
@vinext
6 жыл бұрын
definitely, buffett talked abt templeton
The irony of a value investor speaking at Google lol
@timjosling9298
2 жыл бұрын
PE/G only slightly > 1 at the moment. So not that implausible.
No wonder I have never heard of the Templeton prize, there's no such thing as an advancement in religion.
Holy vocal fry.
@jessicarobins1770
2 жыл бұрын
This is a criticism I only hear about female voices. Ira Glass even did an episode on vocal fry and up-speak with female reporters and no one on the program even mentioned his intense vocal fry.
Don't confuse genius with ah bull market! If you are not good at controlling emotions, you will never be a (good) investor! Stock prices are 14 x volatile than the underlying fundamental value!
She looks like an older Adria Rae.
Sorry guys but she is a salesperson.
Bengali
Sounds like this Sir John was a pretty heartless man. In olden days, vulturous traders would buy farms from desperate farmers 30 cents on the dollar to make a killing later. Oh wait...