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Purchases, Pessimism, and Pain

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In 1939, right after Hitler marched into Poland, John Templeton bought 100 shares of every stock on the Big Board selling for less than $1. Within a few years he had quadrupled his money. He always said the time to buy was at the point of maximum pessimism and pain – obviously something to keep in mind today.
Source: http://www.valueinvestorinsight.com/