Homepage / Wise Investors: Free Market Capitalists
Updated on 02/22/2024
If you did a Google Image search of "Capitalism," you may come away thinking it isn't good.
Whereas if you are reading this on a smartphone, tablet, or desktop computer, you wouldn't have these things or the freedom they give you without it.
Capitalism is the only economic system that gives an individual the freedom to follow their dreams by making life better for others; every other economic system limits the freedoms of those under it.
You don't have to be rich to be a Free Market Capitalist; many of the Capitalists on this page have all had hard times in their lives and had childhoods' tougher than you or me.
Free Market Capitalists are people who try to make life better for others while trying to make a profit and live better while doing it.
A Free Market Capitalist is anyone ready to start on their own, start a business, build a family, or try to get ahead with the fewest societal or government restrictions possible.
Profit and Capitalism are two terms that are commonly demonized by some with certain ideologies.
Profit is gain; that is the definition of profit in the dictionary. When anyone has extra money over their obligations, that is a gain or a profit.
Capitalism has received a bad rap in the last 30 years; some label Capitalism with the word greed or call Capitalists greedy when nothing could be further from the truth when done right.
Of course, in a society built on freedom where Capitalism flourishes, you will likely have those who hurt others by using the system to do it. However, you can't blame Capitalism when someone who uses it frauds others; the blame solely rests with the individual doing the crime and their morals.
The truth is that when someone takes advantage of the Free-Market Capitalistic system through greed or some other sin, they stop being Capitalists and start being fraudsters.
Free-market Capitalists aim to solve problems by improving people's lives through their ideas.
Here's where investors with excess money contribute to Capitalism by giving others the funds they need to develop their ideas and help them realize their ambitions.
Some of the most successful Free Market Capitalists are those who do what they love; their profit is not necessarily monetary; instead, it is the freedom to live and do what they want while providing for their customers at the same time.
You will always have inequality in a Free Market; there will always be some winners and losers; those who adapt to their customer's needs the most are the winners, and those who don't adjust to the market or those set in their ways are the losers.
Markets without winners and losers aren't markets; they are controlled systems or types of Socialism; these systems limit people from becoming their best because, without failure, you don't adjust, adapt, and overcome, and you need those to have Capitalism.
All of the Free Market capitalists below have adapted, adjusted, and overcome the scenarios in their lives and are considered experts among their peers on a macro- and micro-economic level.
In the early-80's, Louis Rukeyser's Wall Street Week was virtually the only investing show on TV. There was no CNBC or Fox Business in those days.
It was a blessing in disguise that those networks didn't exist at that time because business media doesn't help you learn about investing; unfortunately, they mostly teach you how to follow the herd.
Louis Rukeyser had a few guests that would grab investors' interest when they were on the show; two of the most popular were Sir John Templeton and Peter Lynch.
Peter Lynch had a way of talking about stocks and the economy that anyone would find easy to understand.
These quotes from him offer some examples of this:
"The worst thing you can do is invest in companies you know nothing about."
"There's no shame in losing money on a stock. Everybody does it. What is shameful is to hold on to a stock, or worse, to buy more of it when the fundamentals are deteriorating."
"In the long run, it's not just how much money you make that will determine your future prosperity. It's how much of that money you put to work by saving it and investing it."
Peter also understood precious metals in 1993; he wrote the following in his book "Beating the Street."
"...Gold having been highly prized by the world's population since before the time of the Egyptians and the Incas, I doubt that we've seen its last hurrah."
Every Free-Market Capitalist is an investor, whether in themselves, in another person, in a business, or in some other entity; all have developed their own style toward investing.
For instance, Sir John Templeton (1912–2008) was known for having the skill of "timing in the markets."
He bought up stocks when they were low in price, often immediately after a crash, when risk was the highest, and he sold them when their price was high, earning the most out of his investment.
In 1939, when the war in Europe began and the markets tanked, Sir John Templeton bought shares in over 100 different companies selling at one dollar or less per share; only four turned out to be worthless.
Sir John Templeton
is known for this famous quote: "Buy at maximum pessimism”
'Maverick Investors' have learned from their mistakes and accomplishments and created their own path towards becoming successful.
For instance, the video below is a short excerpt of Louis Rukeyser's Wall Street Week, featuring guests Peter Lynch and Sir John Templeton.
The video runs just under 11 minutes, but in that short amount of time, both legendary investors offer valuable insights into their independent investment philosophies.
Note: The video is a little grainy, but the audio is fine.
Below is a list of Free Market Capitalists; on each page, you will find a description of each of them, information about their lives, and what has made them successful.
You'll also find links to their website and audio and video clips with them speaking about their investing strategies and economic views.
Douglas Robert Casey is an American writer, speculator, and the founder and chairman of Casey Research
Peter Lynch is an American investor, mutual fund manager, author and philanthropist.
James Beeland Rogers, Jr. is an American investor and
financial commentator based in Singapore.
Thomas Sowell is an American economist, social philosopher, and political commentator. He is a senior fellow at the Hoover Institution.
Eric Sprott
is a Canadian billionaire investor in the precious metals mining industry.
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