Martin Gilbert: Why Sir John Templeton's advice remains true today

Investment legend remembered ten years since his death

"Focus on value because most investors focus on outlooks and trends."

This is one of many sage pieces of advice from my all-time fund management hero, Sir John Templeton, who passed away ten years ago this month. He was a brilliant man who established the Templeton Growth fund in the US in 1954, which today is $13bn in size and has produced an average return of nearly 12% per annum since launch. A contrarian, long-term investor at heart, Sir John employed fundamental research rather than rely on technical or momentum based analysis. Martin Gilbert: Financial services industry must be part of the country's long-term care solution He was also a true...