An Investment Recommendation from John Templeton

At the request of one of Debbie Hodgepodge's readers, we are working on some commentary about speculators and the price of oil. In the meantime, for your consideration, here is a "Letter to the Editor" of the Wall Street Journal, appearing July 14, 2008. It speaks for itself.

I was sorry to hear of the passing of Sir John Templeton . . . . In 1987 Mr. Templeton was speaking at the Annual Financial Planning Association meeting which was held in Chicago. At the close of his remarks, he said he wanted to disclose the best investment anyone can make. The attendees listened carefully as he said "the best investment anyone can make is spelled T-I-T-H-E." I have found that it works and have shared his wisdom with many of my clients.

Timothy P. Bogert, CLU
Southfield, Mich.