Terry Smith has significantly outperformed the market by owning high-quality growth companies. The portfolio’s sector exposure has changed a lot. Holdings in consumer staples have been cut by 25 percentage points. See what they bought instead and see the statistics on Fundsmith’s main reasons for selling a company. Also, learn which portfolio company Smith would own for the next 15 years if he could only select one.
The successful value investor from Maj Invest talks about his investment process, idea generation, and his preferred sources of information. Kara never meets with management and he believes the setup is essential for good results. He likes to invest in industries with long-term visibility – read about two of these in the article.