Financial Crisis: No one did see it coming … except …

Sir John Templeton

Sir John Templeton – one of the greatest investment specialists of all times. I just read an interview with him that dates back more or less three years:

During the past few years, Sir John has been very concerned about the lack of quality investments available in the market, and he has repeatedly warned of the possibility of a major collapse in housing prices – and even a ’30s-style run on the stock markets

Hmm, does that sound familiar to you? Definetly not as wishy-washy as Nostradamus predicitions. He probably would have muttered something bizarre like: “The reign of the king which sits on many empty shells that are made of stone will fall. The bear and the bull will fight.”. Sir John is spot-on though about what we are going through today. Respect.

But well, in the very same interview there also some advices that you better did not follow. Let me state once again:

Bargain Stock Pick: KIA Is a Future GM

You always find some bargains, but just less than usual.

The last one I bought for myself is a company called Kia Motors. I bought one of their automobiles and it gives me better value than any other car I have ever owned.

They are now growing better than any other major automobile company, selling a great majority of cars outside South Korea in America and Europe and so forth, but they manufacture them in India, China and South Korea.

And yet I bought that stock recently at less than five times earnings. I think there’s a chance – maybe not a probability, but a chance – that KIA Motors will be larger than General Motors 30 years from now.

Well, I think that one did not turn out as a real bargain just yet *cough*.

Sir John Templeton has been a remarkable person. I encourage you to read more about him. At the least, you might just get a secret hint about your next investment .