templeton-planAs we explore the topic of morality and the markets in our spring blog contest, we will highlight John Templeton’s favorite “Laws of Life” as referenced in The Templeton Plan in our next few posts.

Enthusiasm is a law of life. To be a success you must work at a task with your whole heart. Enthusiasm is contagious. You can infect your suppliers and customers with it.

Energy is a law of life. Successful, deeply fulfilled people have a high degree of energy. They are not lazy, nor do they spend much time on idle matters. They are constantly trying new things, experimenting, searching for a cheaper method of production or for ways to improve the quality of a product.

Humility is a law of life. The young should welcome, not ignore, the advice and experience of their teachers and parents. The majority of parents discipline their children because they love them and want the best for them. For children to rebel against their teachers and parents flies in the face of the simplest common sense. The teacher is in school to help students; students should be humble enough to realize that the teacher knows more than they do. Through a humble approach to life, the successful person will learn at an early age to profit from the knowledge of parents and teachers.

Pleasing others is a law of life. Now, of course, it’s impossible to please everyone, but we will be more productive and successful if we try. That means pleasing your colleagues, pleasing your clients and customers. The concept of giving pleasure to others is having a healthy new influence on the business world. There are now dozens of service clubs where business people gather as equals once a week to discuss mutual concerns—the Rotary and Kiwanis clubs, among others. As an old Oriental proverb has it, “If you wish your merit to be known, acknowledge that of other people.”