Monday, August 11, 2008


Mark Mobius (Executive Chairman- Templeton Asset Managment) " GLOBAL INVESTOR'S GOLDEN RULES"
1) Your best protection is diversification.
2) Taking risks is what you get paid for.
3) If you want to gain exposure to the world's fastest-growing economies, you've got to take the plunge into emerging markets.
4) High volatility is a characteristic of all markets, even more mature ones.
5) If you factor emotion out of the equation, and base your strategy on long-term fundamentals, you can win when markets fall and when they rise.
6) Wait five years and call me in the morning.
7) Bad times can be good times.
8) Lies can be as revealing as pure, honest truth,provide you know what cues to be looking and listening for.
9) By the time most data prepared by multinational institutions and governments become available, its already factored in stock prices.
10) Buy "good" stock in "bad" times, and "bad" stock in "good" times.
11) Times that people think are bad are often good.
12) Stocks that people think are bad are often good.
13) Countries that make it easy for travellers to enter tend to be friendly to foreign investment. 14) The quality of management is paramount.
15) Buy wet (liquid) stocks in wet (liquid) countries, not dry (illiquid) stocks in dry (illiquied) countries.
16) Patience is more than its own (just) reward.
17) Long-term planning pays.
18) The time of maximum pessimism is the best time to buy.
19) The time of maximum optimism is the best time to sell.
20) If you can see the light at the end of the tunnel, it's too late to buy or sell.
21) You earn dividends by discounting a market's "emotional quotient".
22) Buy stocks whose prices are going down, not up.
23) If a market is down 20 percent or more from a recent peak and value can be seen, start loading up.
24) Time heals most ills.
25) Privatisation primes the pump.

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