A Compassionate Value Investor

When war began in Europe in 1939, Sir John Marks Templeton borrowed money to buy 100 shares each in 104 companies selling at one dollar per share or less, including 34 companies that were facing bankruptcy. Through the ravages of the war, he held on to them. Only four turned out to be worthless. Over the next few years, he raked in large profits on the others after holding them for an average...

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