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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Disclosure: Chit Chat Stocks hosts and guests are not financial advisors, and nothing they say on this show is formal advice or a recommendation.