Terry Smith explores the truth behind Warren Buffett's famous quotation - “It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.”

Terry Smith says that investors can learn a lot from the world of sport. Like in sport betting, many investors spend their time trying to predict the next big winner in a sector, particularly in technology, despite the difficulty of forecasting developments in this area.

Terry Smith cites the methods of professional horse racing gambler Alex Bird as an example of the lessons that investors can learn from the world of sports.

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.

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

Terry Smith links his definition of shareholder value - whether or not a company is able to generate a sustained return on capital employed above its cost of capital - with shareholder activism.

Terry Smith gives his views on why you should seek to invest in good companies and how to define what a good company is.

Terry Smith explains what he thinks the terms "shareholder value" and "activist shareholder" really mean and how they fit into the world of investment.

Terry Smith argues that the trend of companies that grew by merger rushing to split themselves up is normally better for investment bankers' bonuses than it is for long-term shareholders.

Terry Smith speaks to Barclays Stockbrokers TV about his investment strategy and why he gives almost no thought to the global economy.