Watch all of Algy's podcast in video: https://algysinvestmentpodcast.com/DisclaimerAll content on Algy’s Investment Podcast is for your general information and use only and is not intended to address your particular requirements. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions. Guests and presenters may have positions in any of the investments discussed. Hosted on Acast. See acast.com/privacy for more information.

Guest William De Gale discusses navigating tech investments, importance of semiconductors, analyzing profitable portfolios in tech sector, and balancing arrogance and humility in fund management for success.

Terry Smith discusses the power of compound interest and the value of reinvesting profits in businesses. He emphasizes the importance of return on capital employed, diversification with around 20 companies, and a patient, low turnover strategy. Smith also talks about analyzing original financial statements over adjusted numbers, maximizing returns, evaluating investments, and the importance of extensive learning before investing.