What Mr. Smith says makes great sense always. I ensure to read all his videos, podcasts

It's totally unreasonably to expect any portfolio not to show a loss in any year over a 12 year period. One has to look at the overall record. And 15 percent a year over that time is outstanding.

I pay Terry a very modest fee to worry for me and he does a great job. The thing with Fundsmith is the total cost of ownership including trading is very low, because turnover is low. Fundsmith does what it says on the tin.

Terry Smith gave the perfect answer.

All class

Seems to know his onions this Terry Smith fella :).

All these fund managers ( especially the * star * ones make plenty of money either way from their annual charges regardless.