Legendary Investors and their Genius in Asset Allocation during Turbulent Times

5. John Templeton and the Global Diversification

John Templeton was a pioneer in global diversification. He believed in the philosophy of investing in countries and sectors that were out of favor. Templeton's strategy was put to the test during the tech bubble of the late 1990s. While most investors were pouring money into the overvalued tech sector, Templeton was investing in out-of-favor countries and sectors. When the tech bubble eventually burst, Templeton's portfolio was largely unscathed, demonstrating the benefits of global diversification.