Kyle talks to Lauren Templeton about investing and life lessons she learned from Sir John Templeton. They discuss using the scientific method in investing, avoiding biases, learning from history, and using multiple evaluation tools. They also talk about pessimistic sectors that could become future winners.

Lauren C. Templeton founded Templeton & Phillips Capital Management and is its CEO. She is also on the board of directors for publicly traded companies like Fairfax Financial Holdings, Fairfax India Holdings, and Canadian Solar. She worked for Morgan Stanley, Homrich Berg, and New Providence Advisors before forming her company in 2001. Lauren coauthored the bestselling book 'Investing the Templeton Way' about her great uncle, Sir John Templeton.

IN THIS EPISODE YOU’LL LEARN:
0:04:13
Why we should combat “home bias”
How Lauren fights confirmation bias
0:07:02
How savings rates have changed with the times
0:07:38
Why high savings rates are so important for new opportunities
0:08:38
The hurdles you need to overcome for investing in Japan
0:10:12
The importance of looking at unpopular sectors
0:10:42
Why you should look at sectors with bad outlooks
Why you should understand maximum pessimism and how it creates opportunities
0:11:42
Why maximum optimism is a risky place to deploy capital
0:12:16
How Sir John Templeton offset value traps using his strategy
0:13:39
What Sir John Templeton thought about quality
0:13:50
Why you should use multiple evaluation tools in your analysis
0:18:59
How Lauren created her life to stay disciplined
The importance of living a disciplined lifestyle to improve yourself
0:20:30
How to utilize the scientific method in investing
0:26:17
The strengths of lowering how reactive you are
0:27:12
The importance of removing yourself from the crowd
0:29:32
How Lauren has used inversion to help her investing strategy
0:41:55
How Lauren has decreased the effects of FOMO
0:42:18
How Lauren’s investing strategy has altered given the current macro backdrop
0:45:21
Why Lauren sees an opportunity in small caps right now
The historical returns in small caps after having the valuation gap we are seeing today
0:32:23
The importance of alignment between your daily life and investing philosophy

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  BOOK MENTIONED:
The Templeton Way by Lauren Templeton: https://amzn.to/48BcNiJ

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