The Best Investor In Britain? How Terry Smith Beats The Market With Quality Stocks
Chit Chat Stocks
Introduction
Learn about the new options trading on public.com with a rebate offer expiring soon and insights into the successful investment strategies of Terry Smith, the renowned British investor behind Fund Smith, discussed in this chapter by hosts Ryan and Brett.
On this episode of Chit Chat Stocks, Ryan and Brett analyze the British investment fund called Fundsmith and its founder Terry Smith. We go through:
(00:00) Introduction and Background
(02:19) Buy Right and Sit Tight
(03:18) Don't Over Diversify
(04:16) About Terry Smith
(08:55) Margin of Safety
(16:14) Fundsmith Performance
(26:09) Criteria for Good Companies
(32:57) Businesses Resilient to Change
(39:55) Do Performance Fees Work?
(41:36) Fee Structures and Performance Fees
(44:50) 10 Rules for Investors
(49:43) FundSmith Holdings
(54:20) Portfolio Management and Strategy
(01:00:45) Fundsmith's Standout Features
(01:03:16) Replicability and Outperformance
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Public.com just launched options trading, and they’re doing something no other brokerage has done before: sharing 50% of their options revenue directly with you. That means instead of paying to place options trades, you get something back on every single trade.
-Earn $0.18 rebate per contract traded
-No commission fees
-No per-contract fees
By sharing 50% of their options revenue, Public has created a more transparent options trading experience. You’ll know exactly how much they make from each trade because they literally give you half of it. Activate options trading at Public.com/chitchatstocks by March 31 to lock in your lifetime rebate.
Options are not suitable for all investors and carry significant risk. Certain complex options strategies carry additional risk. Options can be risky and are not suitable for all investors. See the Characteristics and Risks of Standardized Options to learn more.
For each options transaction, Public Investing shares 50% of their order flow revenue as a rebate to help reduce your trading costs. This rebate will be displayed as a negative number in the “Additional Fees” column of your Trade Confirmation Statement and will be immediately reflected in the total dollars paid or received for the transaction. Order flow rebates are only issued for options trades and not for transactions involving other assets, including equities. For more information, refer to the Fee Schedule.
All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Open to the Public Investing, Inc., member FINRA & SIPC. See public.com/#disclosures-main for more information.
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Disclosure: Chit Chat Stocks hosts and guests are not financial advisors, and nothing they say on this show is formal advice or a recommendation.
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