We Study Billionaires - The Investor’s Podcast Network TIP594: Contrarian Investing & Sir John Templeton w/ Scott Phillips
Dec 22, 2023
Scott Phillips, Principal and Chief Investment Officer at Templeton and Phillips Capital Management, shares insights shaped by his connection to Sir John Templeton, a legendary investor. He discusses investing during max pessimism and the vital lessons learned from the Great Depression. Scott emphasizes the significance of contrarian strategies, diversification away from the dollar, and areas of undervalued assets. He also touches on instilling financial values in children and the optimistic outlook for future investing amidst challenges.
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Templeton's Resourcefulness
- During the Great Depression, Sir John Templeton's father could no longer fund his education.
- He worked hard, earning scholarships and playing poker to cover his expenses, leading to a Rhodes Scholarship.
Teaching Children Financial Values
- Teach children the value of a dollar by making them understand what it takes to earn it.
- Provide opportunities for independence and risk-taking, and minimize distractions from social media and instant gratification.
Templeton's Contrarian Bet
- In 1939, Sir John Templeton bought 104 beaten-down companies, earning a positive return on 100 of them by 1942.
- This contrarian approach highlighted his independent thinking and long-term perspective.
