Financial Times - Where's the beef?

Terry Smith discusses how the popular US catchphrase 'Where’s the beef?' is relevant to the current predicament of McDonald’s, the world's largest fast food operator.

Fidelity - Three steps to heaven

Terry Smith details Fundsmith's simple three stage investment process - invest in good companies, don't overpay, and then do nothing.

The Telegraph - Is this the next Tesco?

Terry Smith appreciated Tesco's problems earlier than most. Now he identifies another world-famous company that canny investors would do best to avoid.

Financial Times - Why I don’t own bank shares

Terry Smith explains the reasons why he doesn't own bank shares, despite being the once top-rated banking analyst in the City, and points out that having an understanding of banks would make anyone more wary of investing in them.

Money Observer Awards Fundsmith Equity Rated Fund Status

Fundsmith today announces that personal finance and investment publication, Money Observer, has awarded the Fundsmith Equity Fund (“Fundsmith Equity” or the “Fund”) a Rated Fund status. Money Observer has also included Fundsmith Equity in three of their model growth portfolios, recognising the Fund’s “impressive performance”.
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