26 min listen
Terry Smith: “The problem is most people don’t read the accounts”
Terry Smith: “The problem is most people don’t read the accounts”
ratings:
Length:
45 minutes
Released:
Dec 1, 2021
Format:
Podcast episode
Description
Terry Smith, founder and chief executive of Fundsmith, has built the UK’s largest actively-managed fund via rigorous implementation of the simple mantra 'buy good companies, don’t overpay, do nothing'.In this interview, Smith tells Mary McDougall how he analyses and selects companies, how the rise of software has folded into his investment thinking and what trends he thinks currently look most promising.He also talks about the extent to which fund size is a challenge going forward, and what spurred him to buy Amazon (US:AMZN) this summer.Fundsmith Equity Fund has delivered an annualised total return of 18.4 per cent since its inception in November 2010, compared with 12.8 per cent for its benchmark MSCI World Index. It had assets under management of £27.9bn on 30 November 2021. Hosted on Acast. See acast.com/privacy for more information.
Released:
Dec 1, 2021
Format:
Podcast episode
Titles in the series (100)
Personal Finance Show 21 August 2015: Leonora Walters is joined by personal finance writer Kate Beioley and special guest Gavin Haynes, managing director at Whitechurch Securities, to talk about the latest portfolio clinic and the rest of this week's personal finance and funds news. ... by Investors' Chronicle