Investing is an independent and humble endeavor.

In the investment world, there are only a handful of investors who can be awarded a knighthood by the Queen of England. John Templeton received this honor when he was 84 years old. He was also called "the father of global investment" and "one of the most successful fund managers in history" by Forbes, and was named "the top ten fund managers in the world in the 20th century" by the New York Times. Just looking at this series of honors, you can tell that he has achieved excellence.
His investment history is legendary. With a loan of US$10,000, he created a wealth of US$22 billion. The Templeton Group he founded has achieved even greater success in its mutual funds. After experiencing events such as the oil crisis, drastic changes in Eastern Europe, and the Iran-Iraq crisis, the annual investment return can still reach 13.8%. As a result, his investment philosophy has become popular all over the world.
Some say that he was a theologian who relied on the power of faith to achieve success. Some people say that he is a master of contrarian investing. How did he invest?

1. Templeton likes to live in isolation?
   Since Templeton moved away from Wall Street and moved to the Bahamas, its investment career has gone from the bottom to the top, with investment returns and fund-raising scale getting better year by year.
   What’s interesting is that he achieved this result not by spending a lot of time and energy focusing on and researching investments. He usually set up a parasol on the beach, reading and doing other things most of the time, which only took about an hour. Reading expired newspapers sent from New York and some reports and comments about the stock market, I spend about 150 hours a year on investing. In this way, he built a global investment portfolio, and his investment myth is already known to everyone in the investment community.
   Judging from Templeton's case, isolation, delayed information or insufficient quantity are not the enemies of investment success, but are the shortcuts to achieving good investment results. What is really important is the investment system and patience.

2. Investment must be humble and ethical.
   There is another thing that makes Templeton different from others, and that is humility. He is a devout Christian and prays before every major investment event or investment meeting. He does not invest as long as he can make money. He has certain moral standards. His investment targets exclude alcohol, tobacco and gambling. Waiting for the company.
   Obviously, investing in Templeton not only means being a success in life, but also a success of living. His investment itself is based on his own value principles, and the profits from the investment are used for charity to support the cause of human spiritual development.
   He was knighted by the Queen of England and widely remembered by future generations, not only for the money he earned, but more importantly for the value he created in his life, which was much more than money.
   In the investment world, money is not the only criterion. The value criterion can be higher, and companies that do not participate in or support evil should be chosen.
   In fact, it is easy for investors to become inflated. After a few short-term profits and a few cases of good investment returns, they will feel that they are not ordinary people, but investment wizards or even stock gods. They feel good and have to constantly show it to the outside world.
   Coupled with the praise from friends around him, it was easy for him to become confident. In order to show his ability and investment skills, he began to deviate from his investment direction and make some high-risk investments. It was not until the market gave him a severe blow that he finally You will understand that you have done something wrong.
   Only by remaining humble and aware of your limited abilities and wisdom at any time can you earn some profits in the undercurrent and risk-ridden stock market and survive and grow in a long investment career.

3. The profit and loss of investment can only be reported to God.
   If you help people manage money, the customer, the god, needs your honest report.
   If you only invest for yourself, you can only tell God about the profit and loss of your investment. Because the investment performance is very good, you may not be able to hide your inner pride and inflation; if the performance is not good, you may be drowned by the saliva and contempt around you. Unable to face this short-term frustration, your little heart is not strong enough.
   Only when you face God, you cannot be proud; only when you face God, you will not face direct setbacks, nor do you have to feel inferior.
   If you have a humble heart when investing, your heart will be calmer. With a calm mind, you will have more in-depth research and thinking, and you will be able to make accurate judgments and be independent of the external environment in actual investment operations. Impact and have better investment results.
   Templeton's humility in investing should be an important subjective factor in his investment success.

4. When investing, you should stay away from the hustle and bustle and think independently.
   Today's technological conveniences, the rapid and abundant access to information, information has become a violent attack, which is not good news for investors. Choosing information wisely and blocking information regularly can be the acid test for investors in this era.
   What’s interesting is that based on the convenience of science and technology, everyone has established various investment groups (I am not immune to this, I have also established one, and it will be closed after this article is published) for sharing information and joint research. Of course, this kind of group has There are certain benefits. Everyone can show their expertise and find a lot of good information. However, due to human laziness, greed and pride, the ultimate result of this kind of group is disaster.
   People are lazy animals and always want to take advantage of others. Being in a group will naturally stimulate their laziness. People are vain and always want to show off their investment performance and enhance their sense of existence in the crowd. People can't bear loneliness and always want to run to lively places and follow the enthusiasm of the public. Such investment pursuits are often like bright fireworks that come and go like crazy.
   No group is immune to that natural contagion, which can easily spread fanaticism and panic. To invest absolutely rationally, you must live in isolation. Silence is golden.

5. Investment action is the only criterion for testing true knowledge
   On the long road of investment, progress is slow and protracted. If you encounter some valuable concepts by chance, it will take some time to understand them. If you can still act based on your own understanding, it will be an even more difficult process.
   Maybe some people feel that they are geniuses and can easily understand concepts that seem like common sense and act accordingly. Only the results of your actions will tell you whether you truly understand that concept.
   Understanding without action is empty talk. Actions that do not achieve the expected goals are caused by problems with your action-based concepts. It may be a problem with the concept, but more likely there is a problem with your understanding. You may have underestimated the ability to understand a concept. Difficulty.
   In the investment world, investment action is the only most important point of view that deserves attention. Everything else is empty talk and zero.
   Anyone who tells you: "I have known that such-and-such company would be like this, and now it is really profitable, but it is a pity that I did not take action." For all such statements, in my opinion, just choose to ignore it, and it is useless to dwell on it for one more second. A waste of life, and be careful not to become that kind of person. But under the principle that silence is golden, it is actually wrong to talk about investment targets. You can only stay silent. Making a fortune in silence is actually beneficial to yourself and others.

6. Think in your own way when investing.
   The progress of investment is really getting more and more difficult. Sometimes in order to explore new paths, we try hard to think hard, but we may not gain anything. We often encounter obstacles that are difficult to break through and stagnate.
   In the past year, I spent a lot of time thinking about the challenging issue of "the future that has already happened" in the investment field and conducted investment experiments. However, I could not deduce it based on the cognitive thinking logic and needed more knowledge of German classical philosophy. Learn more about the development of brain science, neither of which can be accomplished in a day.
   I have been talking about positioning and demographic structure for a long time in the article, and my past thinking and investment actions have made me determined:
   If a product has a strong positioning and its population is growing at an increasingly high rate, it should not be afraid of huge fluctuations in the stock price and firmly hold on to its chips. In the end, it will surely reap short-term huge profits and long-term high compound interest rates. .
   Human nature loves the new and dislikes the old. In the field of investment, we always chase too many targets, especially under the influence of various new technological waves. We are like headless flies scurrying around, and the result is naturally picking up sesame seeds and losing watermelons. Almost any time, rushing into a crowd of enthusiastic crowds to grab an investment opportunity is not as profitable as picking up money right in front of you.
   As of today, for me, there are two types of investments: those with monopoly status (embedded positioning) and those that are obviously cheap.
   Of course, there is still a long chain of thinking behind it, such as monopoly, positioning and what is cheap. Some of them are self-evident common sense, but it is normal for people to turn a blind eye; some of them are things I have written in articles, but my understanding may be There are biases, and your interpretation of my point may not be my original intention at all.
   Therefore, it is better to discover problems and opinions by yourself, understand and explore them in your own way, and you may have better investment results.