Risk VS Reward: Career Lessons from Terry Smith CEO of Fundsmith

[@tomzqy1029]

我是一名来自中国的研究生，也是一名独立投资者。我的投资方法深受Terry的影响，感谢作者能分享这段播客，我学到很多。我还很年轻，如果以后能在资产管理方面取得成功，希望这辈子能见到Terry一次，当面感谢他！

[@ruster719]

Great interview, Terry is always very entertaining but you have to ask the right questions!

[@thefinancialplannerlifepodcast]

@@ruster719 we were lucky to get him for this type of interview glad You enjoyed it, what other big names would you like to see on the podcast?

[@ruster719]

@@thefinancialplannerlifepodcast I think in some ways you have peaked to soon. Perhaps Hugh or Ben from Evenlode, Sebastian from Troy, Anthony Kingsley from Findlay Park. ?

[@ichosethishandle]

​@@thefinancialplannerlifepodcastStephen Yiu

[@AmitAujla20]

Enjoyed listening to this interview! This is one of the few interviews in which Terry has covered the entirety of his career. Thanks for conducting the interview and sharing the output. 😊

[@thefinancialplannerlifepodcast]

@@AmitAujla20 he told us that lots of big names have been trying to get him to share his career journey like this, we are Lucky to get this opportunity!

[@JACKSAROWW]

I am actually surprised how amazing Chris was at podcasting and interviewing, probably the best interview I have seen on the pod, the guest spoke the majority of the time and really allowed an extraction of information for the viewer. Would like to see Chris do more pods, think you'd be amazing at it.

[@thefinancialplannerlifepodcast]

Great feedback. Well you are in luck, he’ll be a regular interviewing senior leaders in FS

[@ArtyRP1]

Completely agree, I really like the guy although first time seeing him

[@spicetraderz]

Obviously …​@@thefinancialplannerlifepodcast

[@spicetraderz]

Obviously he will state the obvious without needing to say it but qualifying it with “obviously “ , obviously .@@thefinancialplannerlifepodcast

[@Stupot2024]

Nice open questions and let the interviewee speak. Too many so called journalists like the sound of their own voice and want to interrupt and challenge without allowing for an answer. Well done mate!

[@thefinancialplannerlifepodcast]

👌

[@cholpondjanuzakova8297]

I really enjoyed watching this interview. he showed his real character, sense of humour which was refreshing.

[@HoxtonLife]

he really did

[@Irnest]

Great interview. I’ve listened to a lot of Terry Smith interviews but haven’t heard such a nice summary of how he started - with the comments about management and leadership. Very good, thank you !

[@thefinancialplannerlifepodcast]

Glad you enjoyed it!

[@dariodistefano1189]

Great interview, thank you. One great person and investor you could interview would be John Porter! Such an intelligent person.

[@thefinancialplannerlifepodcast]

Let me get in that and thanks for the feedback!

[@CameronFussner]

Sometimes Protecting your capital is much more important than making money. Basically because if you lose your capital, making money is much harder. ''Missing the train'' vs. ''losing your money''. There are a lot of trains, but if your money is gone, it's over.

[@AlfredWilliams-ki6ri]

Nobody knows anything, you need to create your own process, manage risk and stick to the plan, through thick or thin ,While also continuously learning from mistakes and improving

[@CharlesArthur-fq5sx]

Many overlook that banks are return-driven businesses. I don't trust keeping a large sum in a bank. Instead, I invest with guidance, enjoy the benefits, and save for retirement.

[@williamDonaldson432]

After the '08 financial crisis, I've learned not to trust corporations. Since 2020, I've been investing with a financial advisor and have had no major losses, so I'm not going back to relying solely on banks.

[@foreverlaura-fq4eu]

Market behaviour can be complex and unpredictable. Mind if I ask you to recommend this particular coach to whom you have used their services?

[@williamDonaldson432]

The decision on when to pick an Adviser is a very personal one. I take guidance from Annette Marie Holt to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.

[@emcdt1461]

Enjoyed this. Thanks for sharing

[@thefinancialplannerlifepodcast]

@@emcdt1461 pleased you liked it, who else would you like to see?

[@thefinancialplannerlifepodcast]

@@emcdt1461 you’re welcome!

[@emcdt1461]

@@thefinancialplannerlifepodcast I'll be honest, this was my first time on the channel and so I'm not familiar with your material. That said, I took a quick look at your other vids and I see a lot of good stuff here. I'd say just keep it up!

[@alexfrog9191]

Great interview, asking him a few less common questions was inspired, otherwise he can tend to stick to saying the same old thing. Jim Rogers is another one, great character and interviewee, but when asked unoriginal questions he’ll give answers that are literally word for the word identical to each of his last 20 interviews.

[@HoxtonLife]

loveit!

[@HoxtonLife]

Loved this episode!!!

[@Bunjee77]

Terry Smith. What a legend

[@thefinancialplannerlifepodcast]

@@Bunjee77 indeed!!!

[@SherzotAzimov]

Awesome episode!

[@varunjain5789]

WONDERFUL !

[@CL-ws6ki]

This was a legit awesome interview,

[@thefinancialplannerlifepodcast]

👌👌

[@coderider3022]

Great to listen too. Would invest but fees too high.

[@SamuelSWeber-es3pp]

Monish Pabrai also did both...

[@thefinancialplannerlifepodcast]

Will Check out

[@AmitAujla20]

Mohnish Parbai founded Transtech. Then sold part of his company and used the proceed to set up a investment fund. Then sold all of Transtech. Chapter 1 of William Green’s Richer, Wiser, Happier book cover Mohnish’s story perfectly. It’s also a book well worth reading for anyone interested in learning timeless lessons from some of the world’s best investors.

[@adrianeduardo6222]

amazing, thanks!

[@thefinancialplannerlifepodcast]

Thank you too!

[@untiroalaire2]

it's Buffett, not Buffet ;-)

[@MRWTrades]

Terry, another History graduate...Wow, maybe my degree wasn't pointless after all..

[@davidc4408]

His networth?

[@thefinancialplannerlifepodcast]

@@davidc4408 🤔

[@AmitAujla20]

More than £300 million according to the Sunday times rich list

[@kunverjihirani276]

👍😊🙏

[@thefinancialplannerlifepodcast]

🤣❤️

[@MARTINA-gc3tq]

Fees…charge lots of fees.

[@johnstewart1814]

He sold Amazon at the wrong time! Maybe trade less!

[@AmitAujla20]

Terry’s previously explained he sold the fund Amazon position due to Andy Jassy’s comments on expanding further in the food market.

[@bitTorrenter]

​@@AmitAujla20 Everyone needs food

[@AmitAujla20]

@@bitTorrentereveryone needs food but the margins of Amazon fresh aren’t great or a massive mover in the needle. Also majority of consumer prefer to buy food in store and not online; this tend isn’t decreasing either. Terry done a podcast with interactive investors recently where he explains it. Worth a listen.

[@AmitAujla20]

@@bitTorrenterthe economics of the food business is not good and the investment to achieve scale is vast.

[@MrErnestCC]

Fundsmith is seriously lagging behind the sp500 the past year. Disappointing, a monkey could have picked better stocks

[@BM_100]

Exactly These people aren't as smart as they think they are but yet make millions more than other smart people

[@KevinGuy-j5i]

You are wrong. At 14% per year, it's vastly out performing SPR

[@MrErnestCC]

I said the past year. Is my worst performing fund this year

[@ichosethishandle]

That's nothing against Fundsmith. It's all justified in their last AGM. The gist is that the market gain has been largely driven by a small number of companies, many of which Fundsmith doesn't own. For example, Nvidia. If Fundsmith owned Nvidia, or if Nvidia didn't perform the way it did, the story would be very different.

[@NGE0001]

Typical Boomer. Things getting a bit hard, run away

[@spicetraderz]

If the interviewer says "obviously " one more time ......... !

[@thefinancialplannerlifepodcast]

Obviously 😀