Terry Smith
Fundsmith
Global quality: buy good companies, don't overpay, do nothing.
Best for Quality investors who buy great companies and hold them.
Why I read Terry
Terry's annual letter is short, funny and blunt, and he defends the strategy hardest in the years it isn't working.
Links go to the firm's own site unless marked "via", which means a public copy of a letter the firm no longer hosts. Official letters page ↗