In 1939, after almost a decade of Great Depression, investment psychology was not exactly bullish. When World War II broke out, investors panicked and markets fell. Templeton phoned up his broker and told him to buy 100 shares of every New York-listed company trading at less than $1 a share. It didn’t matter what the company did, just what its price was. There were, I gather, 104 such companies, so Templeton’s total outlay was $10,400. It made him a wealthy man.
Perfect timing Dominic with indices crashing today and gold soaring!