#1
Study Before Investing
"Before making any investment, study the situation thoroughly. Know everything about the company, the industry, and the country."
Thorough study must precede every investment.
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John Templeton⭕ Circle of Competence
John Templeton's Circle of Competence Rules
Sir John Marks Templeton (November 29, 1912 – July 8, 2008) was an American-born British investor, fund manager, and philanthropist. He founded the Templeton Growth Fund in 1954, which became one of the most successful international investment funds in history. Templeton pioneered global diversification, investing in international markets when most American investors focused solely on domestic stocks. He famously bought...
3 principles·Circle of Competence
3 Key Circle of Competence Principles
#2
Expand Your Circle Globally
"Expand your knowledge beyond your home country. The investor who studies only domestic markets is like the farmer who plants only one crop."
Study global markets to find more opportunities.
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Know What You Own
"Never invest in a company you can't explain simply. If you don't understand it, you can't evaluate its prospects."
Only invest in what you can understand.
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What are John Templeton's key circle of competence principles?
John Templeton has 3 key principles on circle of competence. The most important one is "Study Before Investing" — Before making any investment, study the situation thoroughly.
How does John Templeton apply circle of competence in practice?
John Templeton applies circle of competence through several key principles including "Study Before Investing" and "Expand Your Circle Globally". These principles guide practical investment decisions and have been tested across decades of market cycles.
What makes John Templeton's approach to circle of competence unique?
John Templeton's approach to circle of competence is distinguished by a focus on long-term thinking and fundamental analysis. With 3 specific principles in this area, John Templeton provides a comprehensive framework that investors at any level can study and apply to improve their decision-making.
