templeton-planTo better understand the financial wisdom of John Templeton, we are discussing some of his twenty-one steps detailed in The Templeton Plan and pairing them with financial news. We are currently discussing Step 14: Controlling Your Thoughts for Effective Action.

John Templeton often looks to others’ wisdom to augment his own perspective.  In the chapter on “Controlling Your Thoughts for Effective Action” in The Templeton Plan, he uses the words of George Matthew Adams, author and advertising executive, to further illustrate this step:

“We can accomplish almost anything within our ability if we but think that we can. Every great achievement in this world was first carefully thought out. . . . Think–but to a purpose. Think constructively. Think as you read. Think as you listen. Think as you travel and your eyes reveal new situations. Think as you work daily at your desk, or in the field, or while strolling. Think to raise and improve your place in life. There can be no advancement or success without serious thought.”