5min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

TIP526: Quality Investing: Lessons from Terry Smith

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

Investing for Growth by Terry Smith

In Investing for Growth, Terry Smith makes the case for what he calls quality investing. He says that we should consider the potential of the Fed's monetary policy being too lax in the past and leading to a recession. The company must have high returns on capital invested with Dollar General targeting 20% annual return or else they won't build the store. And third is that as investors, we need to hold that company for a long period of time.

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