Mark Mobius said," I wish I had started in the investment arena earlier than that because I spent many years studying. Of course, it now stood me in good stead, but I would say that’s the biggest regret.”
After having spent more than four decades in analyzing the emerging markets across the globe, Mark Mobius, executive chairman of Templeton Emerging Markets Group, says that the biggest regret in his life is not having started early. In conversation with Keith Damsell, the Vice President at Global Internal Communications at Franklin Templeton, Mark Mobius said, “I wish I had started in the investment arena earlier than that because I spent many years studying. Of course, it now stood me in good stead, but I would say that’s the biggest regret.”
In his latest blog the legendary investor shares the life lessons he learnt from the iconic John Templeton. Mark Mobius writes, “Sir John was quite a personality. The thing that impressed me the most about him was that, first of all, he was very frugal. He was very patient, very even-tempered.” Mark Mobius shares an incident highlighting John Templeton’s far sightedness.
“I remember when he was 70-something years old, he bought a whole warehouse of amethysts (a quartz used in jewellery), which at that time were not worth much. Somebody asked him, “How long do you think it will take for this to increase in value?” He said about 20 years. This is when he was 70 years old!,” Mark Mobius observes.
Further, Mark Mobius says that John Templeton had a very flexible approach to investing. Recollecting the lessons in investing he writes, “He (John Templeton) said no one way of investing will always work. You’ve got to be willing to change and adjust. And unfortunately, a lot of times we didn’t pay attention to that.”
Giving the investors a glimpse into the future of Emerging Markets, Mark Mobius says that emerging markets may be redefined to be called high-growth countries in the next ten years as they are slated to see a lot of demand for consumer durables due to the burgeoning population.
Writing specifically about India and China, Mark Mobius explains, “Well, look five or 10 years from now, you’re going to see these consumer markets become bigger than what you see in Europe, in the US. Because look, China and India each have a billion people and their incomes are rising.”