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Terry Smith - Investing for Growth


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Posted

Has anyone read this?  Terry Smith has a remarkable track record so I perked up when I saw he had written a book.  This was a good summary and it seems like it could be a good read:  https://www.fundsmith.co.uk/news/article/2020/12/28/business-insider---investing-legend-terry-smith's-$30-billion-equity-fund-returned-440-to-investors-over-a-decade

 

I have a reading list that is taller than me at the moment so I want to be selective when I throw another book on the pile.  Let me know if you read it and what you thought.  Thanks

Posted

it's good book - it's a collection of his letters to unit holders and articles from the FT. There is nothing new in the book, if you're already familiar with Smith. I found his book Accounting for Growth a better read if you are interested in learning about accounting shananigins.

That's the book that got him fired when he was a banking analyst. I like his straight talking style.

Posted

 

Yeah it is a good read. He has a no BS approach to investing which I think anyone can learn from. Like many great investors he also has the ability to focus on the few factors that really matter and come up with well reasoned variant perceptions.

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