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.
Terry Smith appreciated Tesco's problems earlier than most. Now he identifies another world-famous company that canny investors would do best to avoid.
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.
Terry Smith discusses how the name of a fund can be a warning sign for investors and explains the importance of only investing in things you understand.