This is one of the most excellent talk on investing. Talking about few things, which we miss as an investor and the psychology of the money/investing and its relation with human emotions.
Excellent. I didn't know much about the Templeton family, but this was fascinating from a historical perspective and also packed with timeless wisdom. I really liked the concept of "the doctrine of the extra ounce". This talk should be required watching for all young investors (and many older ones too !)
I just watched this video, 1 year after I started my trading activities. And I LOVE THE PRINCIPAL mentioned here by Lauren Templeton. I have been doing value investing for the past 4 months and have seen more results and better mental state compared to previous times. Being a trader has changed the way I think and the way I corelate and aware about the cycle and karma.
SPX was trading around ~2,300 in March '17 when she gave the talk - the PEAK came almost 3 years later in Feb '20 at 3300 - you'd missed ~40% gain, had you stopped buying stocks. PATIENCE IS the KEY.
I can't even express how much Ben Graham/John Templeton/Warren Buffett/Charlie Munger have changed my life. Changed my views on money and more importantly views on life.
She is great, I love same 2012 presentation as well. I just wanted to add, that there always be psychological edge available.
5 років тому+1
12:10 on market corrections is golden. Since 1900 there has been 125 corrections and 32 bear markets. Corrections come along every year and bear markets come along every 3 to 3.5 years.
exactly show me return performance lady i don't want to her about your dead grand daddy and his second story office and his cotton gin and his bags of cotton lol scam marketing red lip stick exposed arms and legs just look at those legs boys lol sex sells
I really enjoyed your presentation. Thank you very much for time, and sharing your knowledge and gold nuggets. Any further suggestions for books or additiinal knowledge?
Sure. Just give them money and let them decide when when to time the market. This is common sense stuff, but her point about common investor decision making is the key. She fails to mention that index funds will beat the market and don't require a firm.
Buying low and selling high sounds great and we all know how difficult that can be. Beyond that I was surprised at some of the bad data and misunderstandings presented. The comments on the 4% rule were just plain wrong. An average return of 2% over the inflation rate is all that is needed to cover the 4% rule. The numbers presented were a "real" rate of 5.6% plus coverage for inflation thus bringing the required return to 8-8.5%. Scary, but not true.
Read Bengen's original paper ("Determining Withdrawal Rates Using Historic Data"). On the very first page, he describes a hypothetical financial adviser who makes the exact same mistake you're making. He then goes on to explain why the adviser is wrong. TLDR : the market doesn't return an "average rate" every year. It swings up and down wildly, and if you're making regular withdrawals to fund your retirement then there is a very real chance of losing everything. Hence the concept of the safe withdrawal rate based on historic market data, with the emphasis on "safe".
The 4% rule works for the numbers presented, the verbal calculation is inaccurate. At historic inflation, your blended rate of return needs to 1% over inflation. At very high inflation, the blended return needs to be only 0.7% above inflation. If the SP500 yields 5.6% at the time of the talk and 2.4% bonds yield, even a 50-50 would be fine at 4% blended return, as it would be 1% over a 3% inflation and hence suffice.
I would add that it works even at say high inflation of 10%. During periods of high inflation, the earnings yield of 5.6% would be supplemented by nominal earnings growth rate of 10% proportionate to inflation (due to price rises, with real earnings staying almost same over the long term), leading to 15.6% total earnings return. But there is capital loss as increasing interest rates would collapse asset prices, but in the long run asset prices would recover as times normalize.
Sounds like this Sir John was a pretty heartless man. In olden days, vulturous traders would buy farms from desperate farmers 30 cents on the dollar to make a killing later. Oh wait...
This is a criticism I only hear about female voices. Ira Glass even did an episode on vocal fry and up-speak with female reporters and no one on the program even mentioned his intense vocal fry.
Not a good time to increase the Equity portfolio because the Equities are over valued in 2017?? Wow. She suggests to pickup more bonds. HELLO from 2024!! Equities values more than doubled.
LaurenTempleton, thanks for your excellent lecture. Very much appreciated
This is one of the most excellent talk on investing. Talking about few things, which we miss as an investor and the psychology of the money/investing and its relation with human emotions.
Amazing talk
This is amazing! Thank u for such a wonderful presentation
Excellent. I didn't know much about the Templeton family, but this was fascinating from a historical perspective and also packed with timeless wisdom. I really liked the concept of "the doctrine of the extra ounce". This talk should be required watching for all young investors (and many older ones too !)
Smart advice. Templeton and Buffett are two people who have truly help to shape my views on investing.
The Humble Approach is one of the best books ever written. Love John Templeton.
I just watched this video, 1 year after I started my trading activities. And I LOVE THE PRINCIPAL mentioned here by Lauren Templeton. I have been doing value investing for the past 4 months and have seen more results and better mental state compared to previous times. Being a trader has changed the way I think and the way I corelate and aware about the cycle and karma.
The improved mental state is most satisfying in the long run
I spent a lot of time with John Templeton! He was an amazing man!
Amazing wholesome family. God bless the Templeton family.
“Just buy your own companies stock.” Would’ve been first but she’s really wonderful and insightful. Enjoined the conversation.
Laura is the BOSS! So insightful and full of great advice. Thank you for this wonderful talk.
This is fantastic, and her assessment of companies being overstretched and overvalued was very prescient.
SPX was trading around ~2,300 in March '17 when she gave the talk - the PEAK came almost 3 years later in Feb '20 at 3300 - you'd missed ~40% gain, had you stopped buying stocks. PATIENCE IS the KEY.
I can't even express how much Ben Graham/John Templeton/Warren Buffett/Charlie Munger have changed my life. Changed my views on money and more importantly views on life.
Try to express it so we can learn too thank you :)
Read Poor Charlie Munger's Almanac...
Any investing in s and p 500?
did their methods also change your bank account?
As an immigrants guys these guys are phenomenal. Full of wisdom
I have learned a lot listening to you. Very smart lady. Thank you.
Gotta love her Southern drawl.. ❤
She is cute and smart. Allah🌹❣
definitely one of the most important videos i've seen... thank you Google for uploading such wisdom, for free...
a great video about buying the dip that never actually mentions "buying the dip"!
All these good points about her ancestors and then the awful conclusions - watching this in march 2021
If I ever have a daughter I hope she grows up to be like her
I just had a daughter this week
@@fezariolet us know how it goes 🍻
This is spectacular prescription, thank you!!!!
btw Google, screw the numbers the views and the likes, these talks are awesome...!
'Trouble is opportunity' sounds like something Littlefinger said.. LOL
Hell, it's mild compared to Buffett's "be greedy when others are fearful" or even Rothschild's "buy when there's blood in the streets."
Sir John Templeton should be proud of such successor.
Maybe Sir John Templeton is proud. But on the same time I have the feeling Sir John was even smarter than her! :D
Saw this video like 5 times in the last one year. Amazing talk & thanks for sharing some of the best info.
I read her book. It was very insightful: Invest like Templeton.
Great talk. Id never heard of the “templetons” even though I read a lot about investing
Brilliant. She is a very confident speaker with good info to share
The marshmallow test analogy really hits home. Thank you!
Excellent, this is how intelligent speech is heard.
Great talk, thanks for publishing this Google!
Amazing talk
Price is what u Pay , Value is what u get ....
so much insightful information. Thank you
She is great, I love same 2012 presentation as well. I just wanted to add, that there always be psychological edge available.
12:10 on market corrections is golden. Since 1900 there has been 125 corrections and 32 bear markets. Corrections come along every year and bear markets come along every 3 to 3.5 years.
Wonderful insight
Amazing woman, love the accent!
Thank You Lauren,....God Bless You.
Excellent speech!!!!
Lauren is an extremely smart lady.
hot , every hot
Yeah ---- she is extremely attractive too.
I think Sir John was even smarter! xD
Good lecture...! Thank you, Pretty Lady...!
If we continue talk about crash than crash won’t come... as everyone already protected.
Smart, Beautiful, and Graceful.
Such a lovely person her uncle would be proud
Easy on the eyes.
Wonderful talk.
great insights and composure! what the hell have I been doing with my time playing video games....
I beg of you - watch this video at .75 speed. And grab a vodka/tonic. You're welcome. =]
Why drink?
@@satrandhawadtm8115 slow you down and slow it down.
@Cristiano Lopes ok thats weird
Translation: "You all look like you have a good stash ... give it to me, I'll look after it for you ... wink wink"
exactly show me return performance lady i don't want to her about your dead grand daddy and his second story office and his cotton gin and his bags of cotton lol scam marketing red lip stick exposed arms and legs just look at those legs boys lol sex sells
One of best to hear
I really enjoyed your presentation. Thank you very much for time, and sharing your knowledge and gold nuggets. Any further suggestions for books or additiinal knowledge?
Beautiful and a great accent!!! 😀😍😙
Great speaker!
love her accent(I'm foreign)...
Great talk! Respect the wisdom shared.
Great talk Lauren!
Great idea re short list of securities. Great talk, I got a lot of good from it.
great talk.
Smart and beautiful
26:12 this chart is essential.
"I workout daily" ... *cameraman showing the physique* - precise proof. Fit lady with a sharp mind.
wow!!! she is beautiful.
voice fry
Really. If she was broke and a single mother would she be beautiful to you.
Great presentation.
Beauty is the costliest asset one can have
Buffett said it best the main quality u need as an investor is temperament.
"Doctrine of the Extra Ounce"
"Patience"
Beauty with Brain ..
Sure. Just give them money and let them decide when when to time the market. This is common sense stuff, but her point about common investor decision making is the key.
She fails to mention that index funds will beat the market and don't require a firm.
Those of us in crypto , 60% or 200% in 2 years .. we are here for 10000% and in 6 months 😀
BLT sandwhich - Buffett, Lynch & Templeton
Buying low and selling high sounds great and we all know how difficult that can be. Beyond that I was surprised at some of the bad data and misunderstandings presented. The comments on the 4% rule were just plain wrong. An average return of 2% over the inflation rate is all that is needed to cover the 4% rule. The numbers presented were a "real" rate of 5.6% plus coverage for inflation thus bringing the required return to 8-8.5%. Scary, but not true.
Read Bengen's original paper ("Determining Withdrawal Rates Using Historic Data"). On the very first page, he describes a hypothetical financial adviser who makes the exact same mistake you're making. He then goes on to explain why the adviser is wrong. TLDR : the market doesn't return an "average rate" every year. It swings up and down wildly, and if you're making regular withdrawals to fund your retirement then there is a very real chance of losing everything. Hence the concept of the safe withdrawal rate based on historic market data, with the emphasis on "safe".
Great talk!
Lauren is cute and smart. She is awesome
The irony of a value investor speaking at Google lol
PE/G only slightly > 1 at the moment. So not that implausible.
S&P is over 2900 today.
Can someone tell the name of the guy interviewing Ms Templeton?
@MasterStryfe Apu?
tldr: buy low sell high
*actually* buy low sell high
What happens most often is the contrary: buy high sell low! xD
Everyone knows that but the problem is knowing what is low and what is high.
She was saying take the mean p/e as an indicator and buy lower than that. If you are the selling type, sell at a price higher than the mean.
So very true. But, the market always make people buy high and sell low. This talk pretty much tells you why?
What is 'reaching for marshmellows'? Companies with too much debt, not funding growth, is scary.
short-term profit/loss taking instead of taking a long-term holding of stocks
💎
Beauty with brains !
MRs.
2x saves time
👌👌
Please add English Auto- Subtitled ! Thank You
If you are really good in value investing then PE and LBOs are the thing for you
The 4% rule works for the numbers presented, the verbal calculation is inaccurate. At historic inflation, your blended rate of return needs to 1% over inflation. At very high inflation, the blended return needs to be only 0.7% above inflation. If the SP500 yields 5.6% at the time of the talk and 2.4% bonds yield, even a 50-50 would be fine at 4% blended return, as it would be 1% over a 3% inflation and hence suffice.
I would add that it works even at say high inflation of 10%. During periods of high inflation, the earnings yield of 5.6% would be supplemented by nominal earnings growth rate of 10% proportionate to inflation (due to price rises, with real earnings staying almost same over the long term), leading to 15.6% total earnings return. But there is capital loss as increasing interest rates would collapse asset prices, but in the long run asset prices would recover as times normalize.
im in love
Very beautiful woman
Sounds like this Sir John was a pretty heartless man. In olden days, vulturous traders would buy farms from desperate farmers 30 cents on the dollar to make a killing later. Oh wait...
Fair fax
Let's buy Facebook ya'll is down 25%
So did you buy Facebook?😜
6:18 current situation.
Holy vocal fry.
This is a criticism I only hear about female voices. Ira Glass even did an episode on vocal fry and up-speak with female reporters and no one on the program even mentioned his intense vocal fry.
No wonder I have never heard of the Templeton prize, there's no such thing as an advancement in religion.
Not a good time to increase the Equity portfolio because the Equities are over valued in 2017?? Wow. She suggests to pickup more bonds. HELLO from 2024!! Equities values more than doubled.
Wage worker good at controlling emotion?
SWEETSY!
Daniel Young WATEs Wanker.
Did Warren Buffet and John Templeton know each other??
definitely, buffett talked abt templeton
She looks like an older Adria Rae.
I think I'm in love. Too bad she's already taken.
Sorry guys but she is a salesperson.