If you buy all the stocks selling at or below two times earnings, you will lose money on half of them because instead of making profits they will actually lose money, but you will only lose a dollar or so a share at most. Then others will be mediocre performers. But the remaining big winners will go up and produce fabulous results and also ensure a good overall result.
John TempletonSell a stock only when you have found a new stock that is a 50% better bargain than the one that you hold.
John TempletonIf success were easy, then it would not necessarily be true success. Some of history's most successful people learned to cope with failure as a natural offshoot of the experimental and creative process and often learned more from their failures than their successes. By taking the attitude that failure is merely a detour on the way to our destination, hope can blossom into success.
John TempletonWhat are we going to get out of life? This can understandably be a question of fundamental importance to us. We begin with certain basic needs and desires. It is important to have a comfortable home, plenty of food, a meaningful and well-paying job, comfort, companionship, and joy. However, many of us have not fully realized a simple, basic principle: for our receiving to take place, we must first give. Giving and receiving are two aspects of the same law of life.
John Templeton