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.

Terry Smith reveals the warning signs that investors in Tesco ignored and explains why he is unlikely to ever own a retailer in the Fundsmith Equity Fund.

Terry Smith speaks to Morningstar about Fundsmith's strategy of only buying good companies and the importance of compounding.

Terry Smith addresses the question - given that so many investors have had such a bad experience in emerging markets, is there a better way to invest in the developing world?

Terry Smith uses the example of investing in 'Bric' funds to play the theme of emerging markets growth to explain the dangers of making 'no brainer' investment decisions.

Terry Smith explores what can be learnt from the changes in the constituents of the stock market over the past 100 years.

Terry Smith discusses the reasons why Fundsmith avoided investing in IBM in 2010 and the problems with share buybacks.

Terry Smith points out why most investors are their own worst enemy and the dangers of groupthink.