Posted AT 8:04 PM EDT on 08/07/08
Say a prayer, buy low
It's 1939, and American investors are worried about protecting their portfolios. Not John Templeton. He was busy buying undervalued European stocks as the continent teetered on the brink of war.
Mr. Templeton bought shares in 104 European companies listed in New York – only four of the investments didn't work out – and that cemented his reputation as a stock picker with global savvy who would revolutionize the mutual fund industry.
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