Word: templeton
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...field is just exploding," says Virginia psychologist Everett Worthington, director of the Templeton Foundation Campaign for Forgiveness Research. He should know. His organization, set up by mutual-fund magus Sir John Templeton, has distributed $5 million to scientists studying, among other things, forgiveness among chimpanzees and its physiological effects on the pulse and the sweat glands of humans. A number of psychotherapists are testifying that there is nothing like it for dissipating anger, mending marriages and banishing depression. Just a few years ago, says Robert Enright, a psychology professor at the University of Wisconsin and a pioneer in the scientific...
DIED. JERRY QUARRY, 53, Hall of Fame boxer; of pneumonia; in Templeton, Calif. Though he never won the heavyweight title, the popular pugilist, whom opponent Joe Frazier called the "good-looking Irish kid with a nice smile," put up decent fights against many of the greats, including Floyd Patterson and Muhammad Ali. In recent years he was incapacitated by dementia and a loss of motor skills resulting from repeated blows to the head during his three-decade career...
...taxes. Heaping insult on injury, many investors owe 1998 tax on capital gains recorded by their mutual funds, even if those funds lost money. More than 30% of stock funds were down through November, and 11% of those--including such popular funds as Heartland Value, Lindner Dividend, Brandywine and Templeton Growth--also distributed a taxable capital gain to shareholders, says fund-research company Wiesenberger. Tip: taxable distributions typically result from rapid-fire trading. This year, look for funds with a low turnover rate, something less than 100%. Stock index funds are among the most tax efficient. And never invest...
From Hollywood, U.S.A., comes a postcard from ABBY TEMPLETON, missing in action since forever. Apparently Abby's been writing screenplays, one of which, Muscle Sock, was almost optioned by Val Kilmer's production company. His film work keeps him pretty busy, but in his spare time Abby writes poetry and stalks Demi Moore. He says he'd love to hear from any classmates in the business. His car fax number...
...picture investors are drawn to foreign stocks now for precisely the reason you may be shunning them: the recent superior performance of U.S. stocks. "It's very, very clear that markets don't go up forever," warns Mark Mobius, who oversees $10 billion in emerging-market stocks for Templeton Funds. "The poor guy who is only in U.S. stocks is taking a big risk...