{"id":2386,"date":"2020-01-18T01:58:56","date_gmt":"2020-01-18T01:58:56","guid":{"rendered":"http:\/\/tvtinvest.com\/?p=2386"},"modified":"2020-01-24T15:29:48","modified_gmt":"2020-01-24T15:29:48","slug":"nha-dau-tu-john-templeton-va-nhung-loi-khuyen","status":"publish","type":"post","link":"http:\/\/tvtinvest.com\/?p=2386","title":{"rendered":"NH\u00c0 \u0110\u1ea6U T\u01af JOHN TEMPLETON V\u00c0 NH\u1eeeNG L\u1edcI KHUY\u00caN"},"content":{"rendered":"

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John Templeton <\/strong>(29.11.1912 –\u00a0 8.7.2008) sinh ra trong m\u1ed9t gia \u0111\u00ecnh ngh\u00e8o \u1edf Tennesee c\u1ee7a M\u1ef9. Nh\u1edd h\u1ecdc b\u1ed5ng, \u00f4ng \u0111\u00e3 theo h\u1ecdc kinh t\u1ebf h\u1ecdc \u1edf tr\u01b0\u1eddng Yale v\u00e0 t\u1ed1t nghi\u1ec7p v\u1edbi v\u1ecb tr\u00ed \u0111\u1ea7u l\u1edbp n\u0103m 1934. Sau \u0111\u00f3, \u00f4ng ti\u1ebfp t\u1ee5c theo h\u1ecdc Oxford b\u1eb1ng h\u1ecdc b\u1ed5ng Rhodes Scholar v\u00e0 l\u1ea5y \u0111\u01b0\u1ee3c b\u1eb1ng th\u1ea1c s\u0129 v\u1ec1 ng\u00e0nh lu\u1eadt n\u0103m 1936. Tr\u1edf v\u1ec1 M\u1ef9, \u00f4ng l\u00ean New York l\u00e0m nh\u00e2n vi\u00ean t\u1eadp s\u1ef1 cho Fenner & Beane, m\u1ed9t trong c\u00e1c h\u00e3ng ti\u1ec1n th\u00e2n c\u1ee7a Merrill Lynch.<\/span><\/span><\/p>\n

N\u0103m 1941 \u00f4ng ti\u1ebfn h\u00e0nh m\u1edf c\u00f4ng ty qu\u1ea3n l\u00fd \u0111\u1ea7u t\u01b0 \u0111\u1ea7u ti\u00ean c\u1ee7a ch\u00ednh m\u00ecnh mang t\u00ean Templeton – Dobbrow & Vance, C\u00f4ng ty qu\u1ea3n l\u00fd \u0111\u1ea7u t\u01b0 n\u00e0y kh\u00e1 th\u00e0nh c\u00f4ng, t\u00e0i s\u1ea3n t\u0103ng l\u00ean 300 tri\u1ec7u USD v\u1edbi 8 qu\u1ef9 t\u01b0\u01a1ng h\u1ed7 d\u01b0\u1edbi s\u1ef1 qu\u1ea3n l\u00fd c\u1ee7a n\u00f3. T\u00ean c\u00f4ng ty sau \u0111\u00f3 \u0111\u01b0\u1ee3c \u0111\u1ed5i th\u00e0nh Templeton Damroth v\u00e0 \u0111\u01b0\u1ee3c b\u00e1n \u0111i n\u0103m 1968, v\u00e0o th\u1eddi \u0111i\u1ec3m \u00f4ng b\u1eaft \u0111\u1ea7u l\u1ea1i t\u1eeb \u0111\u1ea7u v\u1edbi qu\u1ef9 Templeton Growth Fund c\u1ee7a ch\u00ednh m\u00ecnh, \u0111\u1eb7t tr\u1ee5 s\u1edf t\u1ea1i Nassau, Bahamas.<\/span><\/p>\n

Templeton c\u0169ng l\u1ef1a ch\u1ecdn quan \u0111i\u1ec3m tr\u00e1nh xa ph\u1ed1 Wall b\u1eb1ng c\u00e1ch \u0111\u1ea7u t\u01b0 ch\u1ee7 y\u1ebfu v\u00e0o th\u1ecb tr\u01b0\u1eddng Anh v\u00e0 Nh\u1eadt B\u1ea3n. Ch\u00ednh \u0111i\u1ec1u n\u00e0y \u0111\u00e3 gi\u00fap \u00f4ng tr\u1edf th\u00e0nh m\u1ed9t t\u1ef7 ph\u00fa gi\u00e0u c\u00f3 v\u00e0 \u0111i \u0111\u1ea7u xu h\u01b0\u1edbng \u0111\u1ea7u t\u01b0 to\u00e0n c\u1ea7u. C\u0169ng nh\u1edd c\u00f3 c\u00e1c nghi\u00ean c\u1ee9u chuy\u00ean s\u00e2u v\u1ec1 th\u1ecb tr\u01b0\u1eddng, vi\u1ec7c ho\u1ea1ch \u0111\u1ecbnh t\u00ednh to\u00e1n th\u1eddi gian c\u1ee7a \u00f4ng lu\u00f4n ho\u00e0n h\u1ea3o \u0111\u1ebfn m\u1ee9c tuy\u1ec7t \u0111\u1ed1i. Ngay t\u1eeb giai \u0111o\u1ea1n \u0111\u1ea7u ti\u00ean c\u1ee7a th\u1eddi k\u1ef3 c\u1ed5 phi\u1ebfu ng\u00e0nh c\u00f4ng ngh\u1ec7 v\u00e0 Internet b\u00f9ng n\u1ed5 nh\u1eefng n\u0103m 1990, Templeton \u0111\u00e3 c\u00f3 \u0111\u01b0\u1ee3c v\u1ecb tr\u00ed \u0111\u00e1ng k\u1ec3 tr\u00ean th\u1ecb tr\u01b0\u1eddng c\u1ed5 phi\u1ebfu c\u1ee7a l\u0129nh v\u1ef1c n\u00e0y v\u00e0 ki\u1ebfm v\u1ec1 cho m\u00ecnh c\u1ea3 m\u1ed9t gia t\u00e0i.<\/span><\/p>\n

Trong v\u00f2ng 25 n\u0103m sau \u0111\u00f3, Templeton \u0111\u00e3 t\u1ea1o ra m\u1ed9t s\u1ed1 trong nh\u1eefng qu\u1ef9 \u0111\u1ea7u t\u01b0 qu\u1ed1c t\u1ebf l\u1edbn nh\u1ea5t v\u00e0 th\u00e0nh c\u00f4ng nh\u1ea5t. \u00d4ng b\u00e1n l\u1ea1i c\u00e1c qu\u1ef9 mang t\u00ean Templeton n\u0103m 1993 cho t\u1eadp \u0111o\u00e0n Franklin Group. N\u0103m 1999, t\u1ea1p ch\u00ed Money b\u1ea7u \u00f4ng l\u00e0 “ng\u01b0\u1eddi l\u1ef1a ch\u1ecdn c\u1ed5 phi\u1ebfu \u0111\u1ea7u t\u01b0 v\u0129 \u0111\u1ea1i nh\u1ea5t th\u1ebf k\u1ef7.” Templeton c\u00f2n \u0111\u01b0\u1ee3c N\u1eef ho\u00e0ng ElizabethII phong t\u01b0\u1edbc hi\u1ec7p s\u0129 v\u00ec nh\u1eefng th\u00e0nh t\u1ef1u c\u1ee7a m\u00ecnh.<\/span><\/p>\n

Sau khi ngh\u1ec9 h\u01b0u, Templeton tr\u1edf th\u00e0nh m\u1ed9t nh\u00e0 ho\u1ea1t \u0111\u1ed9ng t\u1eeb thi\u1ec7n r\u1ea5t t\u00edch c\u1ef1c tr\u00ean kh\u1eafp th\u1ebf gi\u1edbi qua qu\u1ef9 John Templeton Foundation. Qu\u1ef9 \u0111\u00e3 t\u00e0i tr\u1ee3 r\u1ea5t nhi\u1ec1u cho c\u00e1c nghi\u00ean c\u1ee9u v\u1ec1 tinh th\u1ea7n v\u00e0 khoa h\u1ecdc. M\u1ed7i n\u0103m \u00f4ng \u0111\u1ec1u d\u00e0nh t\u1eb7ng kho\u1ea3ng 40 tri\u1ec7u \u0111\u00f4la cho c\u00e1c qu\u1ef9 t\u1eeb thi\u1ec7n song \u00f4ng v\u1eabn h\u1ebft s\u1ee9c t\u1eadn t\u1ee5y v\u1edbi n\u0103ng khi\u1ebfu thi\u00ean b\u1ea9m c\u1ee7a m\u00ecnh “nghi\u00ean c\u1ee9u v\u1ec1 \u0111\u1ea7u t\u01b0 ch\u1ee9ng kho\u00e1n”.<\/span><\/p>\n

L\u00e0 m\u1ed9t trong nh\u1eefng nh\u00e0 \u0111\u1ea7u t\u01b0 ng\u01b0\u1ee3c xu th\u1ebf h\u00e0ng \u0111\u1ea7u c\u1ee7a th\u1ebf k\u1ef7 XX, John Templeton \u0111\u01b0\u1ee3c gi\u1edbi \u0111\u1ea7u t\u01b0 coi l\u00e0 ng\u01b0\u1eddi \u0111\u00e3 “mua c\u1ed5 phi\u1ebfu d\u01b0\u1edbi \u0111\u00e1y c\u1ee7a cu\u1ed9c \u0110\u1ea1i suy tho\u00e1i, b\u00e1n \u1edf \u0111\u1ec9nh c\u1ee7a th\u1eddi k\u1ef3 b\u00f9ng n\u1ed5 Internet v\u00e0 c\u00f3 v\u00f4 s\u1ed1 v\u1ee5 \u0111\u1ea7u t\u01b0 th\u00e0nh c\u00f4ng kh\u00e1c gi\u1eefa hai th\u1eddi k\u1ef3 n\u00e0y.”<\/span><\/p>\n

Phong c\u00e1ch \u0111\u1ea7u t\u01b0 c\u1ee7a \u00f4ng c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c t\u00f3m t\u1eaft l\u00e0 t\u00ecm ki\u1ebfm nh\u1eefng c\u1ed5 phi\u1ebfu gi\u00e1 tr\u1ecb, m\u00e0 \u00f4ng g\u1ecdi l\u00e0 “s\u0103n m\u00f3n h\u1eddi,” b\u1eb1ng c\u00e1ch t\u00ecm ki\u1ebfm trong s\u1ed1 nhi\u1ec1u c\u00f4ng ty \u1edf nhi\u1ec1u n\u01b0\u1edbc kh\u00e1c nhau thay v\u00ec ch\u1ec9 m\u1ed9t n\u01b0\u1edbc. Ch\u00e2m ng\u00f4n \u0111\u1ea7u t\u01b0 c\u1ee7a Templeton kh\u00e1 \u0111\u1eb7c bi\u1ec7t ” Ki\u1ebfm ti\u1ec1n b\u1eb1ng m\u1ecdi gi\u00e1 lu\u00f4n nh\u1eadn s\u1ef1 th\u1ea5t b\u1ea1i. M\u1ecdi con \u0111\u01b0\u1eddng d\u1eabn \u0111\u1ebfn th\u00e0nh c\u00f4ng c\u1ea7n ph\u1ea3i \u0111\u01b0\u1ee3c tr\u1ea3i nghi\u1ec7m v\u00e0 nghi\u00ean c\u1ee9u k\u1ef9 l\u01b0\u1ee1ng”. \u00d4ng c\u0169ng cho hay kinh nghi\u1ec7m v\u00e0 ki\u1ebfn th\u1ee9c l\u00e0 m\u1ed9t trong nh\u1eefng nh\u00e2n t\u1ed1 quan tr\u1ecdng nh\u1ea5t \u0111\u1ec3 tr\u1edf th\u00e0nh m\u1ed9t nh\u00e0 \u0111\u1ea7u t\u01b0 th\u00e0nh c\u00f4ng. D\u01b0\u1edbi \u0111\u00e2y l\u00e0 8 l\u1eddi khuy\u00ean \u0111\u00fac k\u1ebft d\u00e0nh cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u1ea1i ch\u00fang mong mu\u1ed1n th\u00e0nh c\u00f4ng:<\/span><\/p>\n

1. Khi \u0111\u1ea7u t\u01b0, b\u1ea1n c\u1ea7n c\u00f3 h\u1ee9ng th\u00fa v\u00e0 \u0111am m\u00ea<\/em>. Nh\u01b0ng n\u1ebfu ch\u1ec9 y\u00eau th\u00edch m\u00e0 kh\u00f4ng b\u1ecf th\u1eddi gian nghi\u00ean c\u1ee9u th\u00ec b\u1ea1n s\u1ebd g\u1eb7p r\u1ee7i ro.<\/span><\/p>\n

2. N\u1ebfu ch\u1ec9 l\u00e0 nh\u00e0 \u0111\u1ea7u t\u01b0 nghi\u1ec7p d\u01b0, h\u00e3y ph\u00e1t huy nh\u1eefng hi\u1ec3u bi\u1ebft s\u1eb5n c\u00f3 \u0111\u1ec3 \u0111\u1ea7u t\u01b0 v\u00e0o nh\u1eefng c\u00f4ng ty uy t\u00edn. \u0110\u00f4i khi, l\u00f2ng tin \u0111\u1ea7u t\u01b0 v\u1eefng v\u00e0ng s\u1ebd gi\u00fap b\u1ea1n chi\u1ebfn th\u1eafng nh\u1eefng \u0111\u1ed1i th\u1ee7 chuy\u00ean nghi\u1ec7p.<\/em><\/strong><\/span><\/p>\n

3. Kh\u00f4ng ai c\u00f3 th\u1ec3 \u0111o\u00e1n tr\u01b0\u1edbc t\u01b0\u01a1ng lai<\/em>, song song v\u1edbi vi\u1ec7c d\u1ef1 \u0111o\u00e1n t\u00ecnh h\u00ecnh kinh t\u1ebf v\u00e0 th\u1ecb tr\u01b0\u1eddng, nh\u00e0 \u0111\u1ea7u t\u01b0 n\u00ean t\u00ednh \u0111\u1ebfn nh\u1eefng r\u1ee7i ro m\u00e0 c\u1ed5 phi\u1ebfu c\u00f3 th\u1ec3 \u0111em l\u1ea1i.<\/em><\/strong><\/span><\/p>\n

4. Lu\u00f4n lu\u00f4n mua c\u1ed5 phi\u1ebfu \u1edf m\u1ed9t m\u1ee9c bi\u00ean an to\u00e0n<\/em> (margin of safety). Ai c\u0169ng \u01b0a th\u00edch vi\u1ec7c mua h\u00e0ng khi \u0111ang gi\u1ea3m gi\u00e1. Ho\u00e0n to\u00e0n t\u01b0\u01a1ng t\u1ef1 trong vi\u1ec7c mua b\u00e1n c\u1ed5 phi\u1ebfu, nh\u00e0 \u0111\u1ea7u t\u01b0 th\u00f4ng th\u00e1i lu\u00f4n l\u00e0 ng\u01b0\u1eddi mu\u1ed1n mua \u0111\u01b0\u1ee3c c\u1ed5 phi\u1ebfu \u1edf m\u1ee9c gi\u00e1 th\u1ea5p h\u01a1n \u0111\u00e1ng k\u1ec3 so v\u1edbi gi\u00e1 tr\u1ecb c\u1ee7a n\u00f3, th\u01b0\u1eddng ch\u1ec9 xu\u1ea5t hi\u1ec7n khi doanh nghi\u1ec7p l\u00e2m v\u00e0o t\u00ecnh tr\u1ea1ng kh\u1ee7ng ho\u1ea3ng.<\/em><\/strong> M\u1ee9c ch\u00eanh l\u1ec7ch th\u1ea5p h\u01a1n \u0111\u00f3 ch\u00ednh l\u00e0 bi\u00ean an to\u00e0n, t\u1ee9c l\u00e0 m\u1ed9t kho\u1ea3ng c\u00e1ch an to\u00e0n \u0111\u1ec3 ph\u00f2ng ng\u1eeba r\u1ee7i ro gi\u00e1 tr\u1ecb n\u1ed9i t\u1ea1i c\u1ee7a c\u1ed5 phi\u1ebfu b\u1ecb s\u1ee5t gi\u1ea3m so v\u1edbi gi\u00e1 tr\u1ecb t\u1ea1i th\u1eddi \u0111i\u1ec3m nh\u00e0 \u0111\u1ea7u t\u01b0 mua v\u00e0o. T\u00f9y v\u00e0o m\u1ee9c \u0111\u1ed9 th\u1eadn tr\u1ecdng, m\u1ed7i nh\u00e0 \u0111\u1ea7u t\u01b0 ch\u1ea5p nh\u1eadn m\u1ed9t m\u1ee9c bi\u00ean an to\u00e0n kh\u00e1c nhau.<\/em><\/strong><\/span><\/p>\n

5. Qu\u1ea3n l\u00fd c\u00e1c kho\u1ea3n \u0111\u1ea7u t\u01b0 h\u1ebft s\u1ee9c ch\u1eb7t ch\u1ebd. Templeton l\u01b0u \u00fd r\u1eb1ng kh\u00f4ng c\u00f3 c\u1ed5 phi\u1ebfu n\u00e0o c\u00f3 th\u1ec3 gi\u1eef v\u1ecb tr\u00ed s\u1ed1 m\u1ed9t m\u00e3i m\u00e3i<\/em>. C\u00e1c th\u1ecb tr\u01b0\u1eddng lu\u00f4n \u1edf trong tr\u1ea1ng th\u00e1i bi\u1ebfn \u0111\u1ed5i li\u00ean t\u1ee5c v\u00e0 c\u00f3 th\u1ec3 thay \u0111\u1ed5i ngay l\u1eadp t\u1ee9c. N\u1ebfu nh\u01b0 nh\u00e0 \u0111\u1ea7u t\u01b0 kh\u00f4ng nh\u1eadn ra \u0111\u01b0\u1ee3c s\u1ef1 thay \u0111\u1ed5i, h\u1ecd s\u1ebd m\u1ea5t ti\u1ec1n.<\/em><\/span><\/p>\n

6.Nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 c\u00e2u tr\u1ea3 l\u1eddi cho m\u1ecdi c\u00e2u h\u1ecfi l\u00e0 ng\u01b0\u1eddi kh\u00f4ng hi\u1ec3u v\u1ec1 c\u00e2u h\u1ecfi. \u0110\u1eebng n\u00ean t\u1ef1 tin th\u00e1i qu\u00e1 khi tham gia th\u1ecb tr\u01b0\u1eddng<\/em>. Theo c\u00e1ch di\u1ec5n gi\u1ea3i c\u1ee7a kinh th\u00e1nh, th\u1ea5t b\u1ea1i s\u1ebd \u0111\u1ebfn sau ni\u1ec1m t\u1ef1 h\u00e0o. S\u1ef1 t\u1ef1 tin th\u00e1i qu\u00e1 trong phong c\u00e1ch \u0111\u1ea7u t\u01b0 ch\u1eafc ch\u1eafn s\u1ebd d\u1eabn \u0111\u1ebfn th\u1ea5t b\u1ea1i.<\/em><\/strong><\/span><\/p>\n

7.N\u1ebfu b\u1ea1n mu\u1ed1n \u0111\u1ea7u t\u01b0 c\u1ed5 phi\u1ebfu l\u00e2u d\u00e0i, nh\u01b0ng kh\u00f4ng mu\u1ed1n m\u1ea5t th\u1eddi gian v\u00e0 c\u00f4ng s\u1ee9c \u0111\u1ec3 c\u00f3 m\u1eb7t trong nh\u1eefng gi\u1edd h\u1ecdc ch\u1ee9ng kho\u00e1n, b\u1ea1n c\u00f3 th\u1ec3 \u0111\u1ea7u t\u01b0 v\u00e0o nh\u1eefng qu\u1ef9 c\u00f3 m\u00f4 h\u00ecnh gi\u1ed1ng \u0111\u1ea7u t\u01b0 ch\u1ee9ng kho\u00e1n, s\u1ef1 r\u1ee7i ro s\u1ebd \u00edt h\u01a1n v\u00e0 thu \u0111\u01b0\u1ee3c l\u1ee3i nhi\u1ec1u h\u01a1n.<\/span><\/p>\n

8. Cu\u1ed1i c\u00f9ng, h\u00e3y ghi nh\u1edb r\u1eb1ng n\u00ean lu\u00f4n lu\u00f4n gi\u1eef m\u1ed9t ph\u1ea7n v\u1ed1n c\u1ee7a b\u1ea1n d\u01b0\u1edbi d\u1ea1ng ti\u1ec1n m\u1eb7t, kh\u00f4ng bao gi\u1edd n\u00ean \u0111\u1ea7u t\u01b0 t\u1ea5t c\u1ea3 ti\u1ec1n c\u1ee7a b\u1ea1n v\u00e0o c\u1ed5 phi\u1ebfu.<\/em><\/strong><\/span><\/p>\n

S\u01afU T\u1ea6M<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

John Templeton (29.11.1912 –\u00a0 8.7.2008) sinh ra trong m\u1ed9t gia \u0111\u00ecnh ngh\u00e8o \u1edf Tennesee c\u1ee7a M\u1ef9. Nh\u1edd h\u1ecdc b\u1ed5ng, \u00f4ng \u0111\u00e3 theo h\u1ecdc kinh t\u1ebf h\u1ecdc \u1edf tr\u01b0\u1eddng Yale v\u00e0 t\u1ed1t nghi\u1ec7p v\u1edbi v\u1ecb tr\u00ed \u0111\u1ea7u l\u1edbp n\u0103m 1934. Sau \u0111\u00f3, \u00f4ng ti\u1ebfp t\u1ee5c theo h\u1ecdc Oxford b\u1eb1ng h\u1ecdc b\u1ed5ng Rhodes Scholar v\u00e0 l\u1ea5y \u0111\u01b0\u1ee3c b\u1eb1ng th\u1ea1c s\u0129 v\u1ec1 ng\u00e0nh […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[31],"tags":[],"_links":{"self":[{"href":"http:\/\/tvtinvest.com\/index.php?rest_route=\/wp\/v2\/posts\/2386"}],"collection":[{"href":"http:\/\/tvtinvest.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/tvtinvest.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/tvtinvest.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/tvtinvest.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2386"}],"version-history":[{"count":4,"href":"http:\/\/tvtinvest.com\/index.php?rest_route=\/wp\/v2\/posts\/2386\/revisions"}],"predecessor-version":[{"id":2431,"href":"http:\/\/tvtinvest.com\/index.php?rest_route=\/wp\/v2\/posts\/2386\/revisions\/2431"}],"wp:attachment":[{"href":"http:\/\/tvtinvest.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2386"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/tvtinvest.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2386"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/tvtinvest.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2386"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}