Across the pond, in the U.K., there’s a fellow named Terry Smith who runs the successful “Fundsmith” fund. He’s a really intelligent, and no-nonsense investor. Smith has achieved a 20% annualized return since inception. In this video interview (https://m.youtube.com/watch?feature=youtu.be&v=CbkqcG00IOU), Mr. Smith discusses Capital Compounders vs “Value Stocks”. Check out the video. It’s only 5 mins.
Fundsmith’s TOP 10 HOLDINGS Q1 2017