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Saturday, June 23, 2007

John Templeton interview here.

Q: What signs helped you see that the U.S. technology bubble was about to burst back in 2000?
John Templeton: If you want to have a better performance than the crowd, you must do things differently from the crowd. Four years ago the crowd was piling into tech stocks. The prices went sky-high. I sold my clients' technology stocks, and sold a lot of them short. I have put these philosophies into a simple statement: Help people. When people are desperately trying to sell, help them and buy. When people are enthusiastically trying to buy, help them and sell.

Q: That's a good way to look at it.
John Templeton: That's mainly a joke.