“John Templeton was one of the greatest stock pickers of the last century. He began his fortune in a crisis market. The year was 1939. The Great Depression was still on, and Nazi Germany had just invaded Poland and kicked off World War II. It was in this environment of fear and pessimism that Templeton (just a few years out of college) invested $10,000 in 104 US stocks selling for $1 or less. Four years later, his profits would prove him right. He sold his portfolio for a 300% gain. It was the beginning of what would turn into one of the largest investment empires in the world. In 1962 Templeton renounced his US citizenship. He became a citizen of the Bahamas, which has no income tax.”
http://www.internationalman.com/articles/doug-casey-on-a-man-who-starved-the-beast-of-100-million
Tip Freedomwat.ch Staff with Bitcoin