DAILY WALL STREET WISDOM · #074
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“The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell.”
🇺🇸John Templeton
Founder, Templeton Growth Fund
WHO SAID IT
🇺🇸 John Templeton
Founder, Templeton Growth Fund
WHAT IT MEANS
Templeton built his fortune by buying during periods of extreme fear, including during World War II. Maximum pessimism creates maximum mispricing, offering the greatest potential for above-average returns.
contrarian