Terry Smith: “The problem is most people don’t read the accounts”
Investors' Chronicle
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Fund Size
The average unit size in the fund is about 500 million pounds. We'd have tog about a third of the company if we were to buy two million dollar company. That means thit's not get into complex arithmetic. Let they just stick with the reality of dealing with the real world. Am, we now can't shop much below,. thinking of 500 million pounds as an asset size probably more than about five to seven or eight billion dollars.
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