Terry Smith

  • Long profile of Terry Smith of FundSmith.
  • The fund is having a tough start to 2022, but as he says himself.
  • The analogy I use is that of the Tour de France, no cyclist has won every stage and they never will. You can’t be a sprinter and win the time trial, they require different physiques. Several times the overall race has been won by someone who didn’t win any of the individual stages. You need to be the best overall, and that’s what we are trying to achieve.
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