John Templeton Unplugs The Stock Ticker

While most of America frets over an economic storm that won't seem to blow over, legendary mutual-fund manager John Marks Templeton sees nothing but a clear horizon. And as usual, his independence comes from a matter-of-fact assessment of the long term. "The next 10 to 20 years will be the most prosperous period in world history," he says confidently, noting that as communism withers and the threat of nuclear war recedes, global stores of scientists, doctors, and managers have never been richer. "The place to invest is always the point of maximum pessimism," he says.

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