Terry Smith: Why We Stay Fully Invested

Johnny HopkinsTerry SmithLeave a Comment

When you get a chance, check out the annual letters by Fundsmith’s Terry Smith. His 2014 letter delivers his usual mix of dry wit, no-nonsense advice, and unwavering belief in buy-and-hold investing. After another strong year—up +23.3% versus +11.5% for the MSCI World—Smith opens by reminding readers, “We never tire … Read More