I like Terry but am doing better with a very cheap tracker than Fundsmith do, unfortunately managed funds nearly always don’t work better than a thoughtfully positioned tracker. I do like finance people they are great dinner party guests, always have a fun story and usually miss the mark by a long way. All good fun.
@@stevetop5970 hi Steve , I am very tempted to do so but I rather worry about providing information like that due to the risk that the wrong person could find it. But I can assure you it’s true, look at the performance over the last 5 years. Fundsmith has been quiet average.
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I kinda love this guy and his brilliance.
Good stuff Terry
I hope the person running Swedish Match is producing more reliable account statements than when Ivar Krueger was running it.
Worth more than a degree
I like Terry but am doing better with a very cheap tracker than Fundsmith do, unfortunately managed funds nearly always don’t work better than a thoughtfully positioned tracker. I do like finance people they are great dinner party guests, always have a fun story and usually miss the mark by a long way. All good fun.
Any chance you could share which tracker this is, and how long you’ve been holding it?
@@stevetop5970 hi Steve , I am very tempted to do so but I rather worry about providing information like that due to the risk that the wrong person could find it. But I can assure you it’s true, look at the performance over the last 5 years. Fundsmith has been quiet average.
Terry has returned 15% her annum on average since inception and has only recently underperformed for the last 3 years.
@@jlazaruss that’s alright then!