Terry Smith assesses whether shale is the 'miracle' it has been described as, or something that investors are far from certain to make money from.
Terry Smith uses the example of Microsoft to discuss why it is important to stick to the facts when it comes to investing.
Terry Smith explains how trading as little as possible has helped Fundsmith Equity rocket to a 60%-plus gain in its first three years.
Terry Smith applies Peter "Yogi" Berra's famous witticism of “It’s déjà vu all over again” to the investment industry, pointing out how many dubious investment products have been sold before.
Terry Smith shows why investors should be willing to pay more for quality businesses due to the power of compound interest. Understanding its effects is essential to success in investment, yet it remains a mystery for many people.
Terry Smith reveals the words that management team's use to befuddle and explains why a company's management being straight talkers can be a positive indication for investors.
Terry Smith argues that many investors are sacrificing all of their income and more to investing charges and suggests a ways of reducing or avoiding these costs.
Terry Smith says that investors should beware of ‘diworsification’ and explores the negatives to owning too many stocks in a portfolio.
Terry Smith points out that people who invest just to avoid tax often fail to look as closely as they should at fee structures and would be better off putting money into something they really want to own.
Terry Smith explains what he means by investing in 'good companies' and argues that Warren Buffett was right when he said that return on capital employed is the best way of assessing the performance of a company.