We’re pleased to announce that we have selected a winner for our “$100 for 100 Words” contest, wherein we asked you to select your favorite of John Templeton’s 16 rules for investment success. Thanks to all who participated. It was very difficult to choose a winner from the entries that we received.
That said, we would like to extend our congratulations to Howard Donnelly who wrote:
Number 4 is my favorite: Buy low… at the point of maximum pessimism. This seems like common sense, but emotionally it can be very difficult to do when everyone else is selling and things look darkest. For value investors, or bargain hunters, it’s important to remember that “crisis equals opportunity.” We must be ready to act , intellectually and emotionally, when adversity strikes, there is panicked selling, and stock values drop dramatically.
Thanks again to everyone who participated. We hope to have more contests like this in the future.