It's perhaps not surprising that US corporations have taken advantage of historically low interest rates by issuing record amounts of debt. It's revealing, however, that companies are using the proceeds to buy back their shares with stock prices at all-time highs. According to S&P Capital IQ, US firms are repurchasing their shares at a pace not seen since 2007.
Thanks to his extraordinary track record as an investor, the late John Templeton, CFA, ranks alongside Warren Buffett and George Soros as one of the most successful money managers of all time. Still, for many investment professionals today, Templeton is less well known.