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Please feel free to review some of the past issues of the Maximum Pessimism Report by clicking the links below:
Templeton and Phillips Capital Management, 2022 Annual Letter: February 8, 2023
Investment Allocation Today, Thoughts from the Triple Crown: May 12, 2022
The Pilgrimage to Financial Literacy Leads to Omaha: May 7, 2022
What Is Old Becomes New Again: April 21, 2022
The Silent Tax Gets Louder: October 22, 2021
The Boring Path to Better Returns: April 21, 2021
Valuation Still Matters: April 13, 2021
Are You Different This Time? : December 2020
The Instagram Economy: June 2020
From the Archives: John Templeton’s Letter to Clients circa 1961, “The Idealism of Free Competition”
From the Archives: John Templeton’s Letter to Clients circa 1954
The Contrarian Path : Nov. 2019
India: Tourists See One of Seven Wonders, Investors See the Eighth : April 2019
Bitcoin Delusions, Blockchain Realities : Jan. 2018
The Crowd : Sept. 2017
The Second Marshmallow : March 2017
Trouble Is Opportunity (Part II). : Jan. 2016
Trouble Is Opportunity (Part 1). : Oct. 2015
The Odd Couple : Aug. 2015
Value Creation : May 2015
Oiled Lang Syne : Dec 2014
Value Creation : April 2014
Growth and Income : March 2014
Genies, Ogres, Financial Chaos and the Return of Pessimism : Jan. 2014
Don't Shoot Your Eye Out : Dec. 2013
Quality Stocks Not Invited to QE Dance : Nov. 2013
Tortoises and Hares. : Oct. 2013
Policy Sideshows & Bargain Hunting : Sept. 2013
Steel Nerve : Aug. 2013
Bargain Hungry : July 2013
Thank Ye Bernanke : June 2013
Data, Data Everywhere : May 2013
Eur-Woe-Zone Saga Continues : April 2013
Name That Tune : March 2013
Find a Need and Fill It : Feb. 2013
Currency - The Policymakers' Last Bullet... : Jan. 2013
The Templeton Touch : Dec. 2012
Bargain Priced Insurance... : Nov. 2012
$3 Trillion Reasons for Concern : Oct. 2012
Housing Woes-Be-Gone, or... : Aug. 2012
Heat Wave Spurs Popping Corn Prices : July 2012
King Coal May Be Happier in Exile : June 2012
By Failing to Prepare, You are Preparing to Fail : May 2012
Treasuries and the Raging Bull Market... : April 2012
The Scramble for Rare Earth Continues : March 2012
The Groundhog's Cycle... : Feb. 2012
History Rhymes - Borrowing from..... : Jan. 2012
An Ode to Scrooge : Dec. 2011
The Sun Will Rise Again in Japan : Nov. 2011
The Cult of Common Sense : Oct. 2010
Pessimistic Energy : June.2010
Quality Pessimism : March. 2010.pdf
For Profit Education Gets an A+ in Pessimism : Dec. 2009.pdf
A Rare Opportunity : Sept. 2009.pdf
Emerging Market Protein Consumption... : June.2009.pdf
Crisis Equals a Rare Opportunity.... : March.2009.pdf
It's Good to be a Buzzard With so Many Bears on the Loose : Dec. 2008.pdf