Spiritual Investments
Details and Description
Description
Gathered here are seventeen sound investment principles that will help people make sensible choices for financial security. What is surprising, however, is how applicable these principles are to life.
Sir John Templeton, founder of the Templeton Mutual Funds, shares the basic rules he has used to create the world's best-performing mutual funds. For the first time, the underlying moral or spiritual principle is also explained to investors.
Through the inspiration of this accessible book, we can see how interconnected our money is with the other choices we make in our lives. Through a consistent pattern of decision making, we can learn to judge the true value of our investments—materially and spiritually. Using these simple guidelines, we can learn to create peace and harmony in our approach to life and, at the same time, create financial security.
Table of Contents
Introduction / 1
Principles
1. Invest for maximum total real return. / 17
2. Invest—don’t trade or speculate. / 23
3. Remain flexible and open-minded about types of investments. / 29
4. Buy low—at the point of maximum pessimism. / 35
5. Search for quality when buying. / 41
6. Buy value, not market trends or economic outlook. / 47
7. Diversify. / 53
8. Do your homework or hire reliable experts to help you. / 59
9. Monitor your investments. / 65
10. Don’t panic. / 71
11. Learn from your mistakes. / 77
12. Use prayer to gain perspective and quiet your mind. / 83
13. Recognize the difficulty of outperforming the market. / 89
14. An investor who has all the answers doesn’t even understand the questions. / 95
15. There is no free lunch. / 101
16. Do not be overly fearful or negative. / 107
17. Those who do good do well. / 113
Sir John Templeton / 119
About the Author / 121
Endorsements and Reviews
Reviews
Book Review Mutual Funds Magazine
One book to buy; one to shelve.
A vastly briefer book, but of correspondingly greater interest to investors, is Spiritual Investments - Wall Street Wisdom from the Career of Sir John Templeton, by Gary Moore. This small format 121 page tome consists primarily of seventeen investment principles that guided Sir John’s business career, as summarized eloquently by Moore. Each one is coupled with a relate spiritual principle that the author feels reflects the interplay between the two.
It’s always useful to periodically remind yourself of time-tested investing principles. Sir John Templeton has expressed more than his fair share over the years. Gary Moore’s small book is therefore a valuable refresher lesson.
Scientific and Medical Network, The—Gloucestershire, United Kingdom
These spiritual and financial principles are drawn from Sir John Templeton’s Wall Street career and set out the correspondence between them. Some of the principles may look obvious, but this does not mean that they are easy to apply: search for quality, don’t panic, learn from your mistakes, there is no free lunch. One of the most interesting is ’buy low—at the point of maximum pessimism’—people are encouraged to buy when the outlook is good but they are just following a trend. I remember the time in the City in 1975 when I passed the FT Index showing 149—and people thought it could go lower! In retrospect that was exactly the moment to buy! The corresponding principle is that change and renewal can emerge from the low points of life.
The Ebooks Review
Gathered here are seventeen sound investment principles that will help people make sensible choices for financial security. What is surprising, however, is how applicable these principles are to life.
For the complete review, visit The Ebooks ReviewTranslations
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