I have been diving deep into the investment framework of Terry Smith, founder of Fundsmith.
His approach is simple...
1. Buy good companies (ROCE & Gross Margin)
2. Don't overpay (FCF yield)
3. Do nothing (patience)
Do not confuse simple with easy. In this video I share many insights from both Terry Smith's book Investing for Growth along with the last 3 Fundsmith annual meetings which are available on KZitem.
I also do a quick and dirty analysis of his 4 most recent stock buys: Nike, Starbucks, LVMH, and Church & Dwight.
What insights have you gleaned from Terry Smith?
Негізгі бет Terry Smith on Investing for Growth! Compounding with Great Companies
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