After completing his economic studies at Yale University and legal studies at Oxford University, Templeton co-founded Templeton, Dobbrow & Vance in 1937.
The investment firm managed mutual funds, among other investments. In 1962, Templeton sold his shares in the firm and went on to found a series of other investment vehicles.
As an investor, Templeton was both a contrarian and a fundamentalist. As a contrarian, he looked on generally accepted investment practices with skepticism and chose to “invest at the maximum point of pessimism”, picking investments which virtually all other investors had rejected.