Aug 29, 2008

John Templeton on the housing bubble (2004)

When I was young, in the three years after 1929, a high proportion of people lost their homes in foreclosure. It's likely to happen again. It's not abnormal. It's cyclical, and it will put pressure on all prices.

~ John Templeton, "An Investment Legend's Advice," Forbes, February 4, 2004

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