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14. December 2018

An interesting detail about the legendary Templeton Growth Fund

The Templeton Growth Fund has an outstanding long-term track record. But investors of the legendary investor needed a lot of patience. With the fund he did not outperform the market during the first 14 years.

Web Source: Smead, C.: “Academia vs. The Real World – Part 1”, Smead Capital Management,
11 December 2018, https://smeadcap.com, Link to the article

Comment: Today, such a fund would be liquidated after a few years of underperformance. But this example shows how important it is to stick to a chosen strategy.

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