Terry Smith explains why instead of chasing high-risk stocks on the promise of superior portfolio performance, investors should seek to buy 'boring' quality companies and hold them for the long-term.
Terry Smith says George Osborne should look to Estonia and stop talking about growth and instead say: ‘It is unrealistic to target significant growth, and a change of strategy to spend more would simply demonstrate the Law of Diminishing Returns.’
Terry Smith explains what investors can learn from the Tour de France - like cycling, investing is a test of endurance and the winner will be the investor who finds a good strategy or fund and sticks with it.
Terry Smith argues that the City's travails are part of the wider financial crisis which started in 2007. For a historical precedent, go back 80 years he says – but beware the conclusions you draw from the Great Depression.
Terry Smith comments on the UK political party conference season in 2012, stating that politicians offered only half-baked ideas and little insight into how to address the UK’s problems.
Terry Smith comments on the implications of the Libor scandal on retail banking, arguing that it demonstrates why investment and retail banks must be separated.
Terry Smith writes to the Financial Times to point out that investors are only starting to realise what Warren Buffett has known for decades - that return on capital employed is the best measure of managerial performance.
Terry Smith argues that David Cameron was right not to agree to the proposed changes to the Treaty of Lisbon at the latest summit, as financial services are a far more vital part of the UK’s economy than they are of any European country.
Sir, I refer to Alice Ross's article " Market timing errors prove too costly " (FT Money, November 20). The article quoted Skandia saying that behaviour on its investment platform reflects the fact that many investors buy UK equities in response to what the FTSE has been doing - buying more when it is high and less when it is low - a recipe for poor investment performance adding further justification to the notion that most investors are their own worst enemy.