On this episode of Chit Chat Stocks, Ryan and Brett analyze the British investment fund called Fundsmith and its founder Terry Smith. We go through:
(00:00) Introduction and Background
(02:19) Buy Right and Sit Tight
(03:18) Don't Over Diversify
(04:16) About Terry Smith
(08:55) Margin of Safety
(16:14) Fundsmith Performance
(26:09) Criteria for Good Companies
(32:57) Businesses Resilient to Change
(39:55) Do Performance Fees Work?
(41:36) Fee Structures and Performance Fees
(44:50) 10 Rules for Investors
(49:43) FundSmith Holdings
(54:20) Portfolio Management and Strategy
(01:00:45) Fundsmith's Standout Features
(01:03:16) Replicability and Outperformance
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Disclosure: Chit Chat Stocks hosts and guests are not financial advisors, and nothing they say on this show is formal advice or a recommendation.
