John Templeton is a crazy optimist!

John Templeton is the greatest investor and optimist who, thanks to his faith in people and a promising future, was able to earn billions of dollars. The most interesting thing is that John Templeton is not only the greatest trader and investor, but also a philanthropist, as well as one of the most influential people in the world.

John Templeton's success story is one of the most fascinating, so after reading his biography, perhaps you will see yourself and never stop on your path.

John Templeton was born in 1912 in the town of Winchester, Tennessee. John is familiar with poverty firsthand, because he grew up in a large family with four more children, namely three sisters and one brother.

The father worked as an ordinary shoemaker, and the mother was a housewife and raised children.

The family was very short of funds, so all the children wore clothes from children from richer families from their street. Already as a child, John dreamed of breaking out of this vicious circle and dreamed of studying. John, like his mother, was a very religious person. One day, missionaries came to his school with stories and told him about how people live in different countries and cities.

Very young John decides to see the world with his own eyes, but a misfortune happens and his mother becomes very ill. The dream fades into the background, and John has to work hard to provide for his family and treatment for his mother.

Training and the path to becoming a trader

Endless hard work and low salary simply forced John to think seriously about education. John's choice became quite obvious, and he entered the economics department at Yale University. At that time, various secret student fraternities were very popular, so he immediately became an active participant in one of them.

John Templeton was a very capable student, so upon graduating from university he received a scholarship and entered Oxford to study law. Like all students, John was a gambling man, so he had a strong passion for playing poker, which taught him to wisely weigh his risks.

Career Wall Street

John entered the stock market in 1937 after graduating from university, and already in 1939 he distinguished himself with phenomenal abilities. At that time, hostilities were actively developing in Europe, as the Second World War absorbed more and more countries.

John, as a crazy optimist, understands that the war cannot last forever, and growth will soon resume after the stock market decline and devastation. So he decided to borrow $10,000 from his boss and buy cheap shares that cost less than one dollar.

At that time, the markets were falling heavily, but John Templeton's instincts told him that the bottom was near. His speculation brought him four times more than he invested, so he successfully said goodbye to his debts and decided to take the next step in his career.

John Templeton decides to acquire his own personal fund, so the world of investors in 1954 learns about the opening of Templeton Growth, Ltd. John was so committed to his idea of ​​buying penny stocks that many investors did not even believe in the future of this fund.

But in vain, because every 100,000 thousand dollars invested by 1999 turned into 55 million dollars. The fund was growing before our eyes, and John’s success could not help but surprise investors. Consider the story of Leroy Pasley, who invested 60 thousand dollars in the fund, and after forty years his capital amounted to 37 million dollars.

After the sale of subsidiaries bearing his name, John Templeton earns $440 million. At the age of 95, John leaves this world, leaving behind him a multi-billion dollar fortune.