Investors should “buy, forget and enjoy the results”. Terry Smith gives his views on how to achieve a superior investment performance in 2016 in a feature article by FT Money editor Claer Barrett.
Terry Smith reflects on five successful years of Fundsmith and discusses what he has learnt over this time, including the importance of sticking to the facts and why selling good companies is rarely a good move
Terry Smith reflects on the fifth anniversary of the Fundsmith Equity Fund and explains why investing in high-quality assets is so important when it comes to attaining long-term outperformance.
Terry Smith analyses the pharmaceutical industry, concluding that many companies are flattering their true performance by encouraging the market to focus on 'underlying' earnings that do not reflect reality.
In this interview between Terry Smith and Maike Currie, Terry speaks about Warren Buffett's approach to investment and how he has used these principals in his investment strategy.
Terry Smith explains that although many investors are attracted to income funds and high-yield equities, what they should be doing is seeking to maximise their total return.
Terry Smith points out that 'income' has become a label for funds that seems to mesmerise investors and questions the whole importance attached to yield.
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.