I was at the Fundsmith 14th Aniversary party, they hit an all time high of 731.05!
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Nice. Looks like a swanky bash! It must be nice to be retired with no kids! I wish I had the time and freedom to attend random overseas events!
Is this a case of a rising tide floats all boats?
It was upstairs of the Grazing Goat Pub, about 500m from the Fundsmith head office at 33 Cavendish Square, around 150 guests. I had a 45 minute chat with Simon Barnard fund manager of Smithson, whom I first met at the same function last year.
Fundsmith update from yesterday password Fundsmith!
Is it still doing well? Would like to maybe invest a little in one of their UK funds if I have anything left over after our UK move back.
Whist its recent performance has under performed the index, itâs the 2nd best performing fund since inception. This is an old PEP now ISA which has grown from ÂŁ43,139 & today broke ÂŁ200,000 for the first time.
I still have the vast majority of my net worth in Fundsmith & will continue to do so for the next 25 years assuming I live to 88!
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This is the latest letter to shareholders
Good to hear from you, FMF. I hope you are in good health!
All is good, been skiing all day, my heart is fixed!
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The latest Fundsmith AGM is now online Fundsmith TV | Fundsmith
I wouldnât touch Fundsmith with a barge pole.
The fund did well while overall the whole economy was doing well and when people were spending left and right.
Terry Smithâs strategy to hold big, everyday companies has proven ideal up until a point where we had inflation rise and people spending less, so his companies have tanked and not recovered since, probably will not recover before 10 years or so.
The problem of Terry Smith he is tech-averse and has not caught the big tech and AI wave in the last 3 years.
The moment everyone agrees me I will know I am wrong 
Meta and Microsoft are top 2 holdings.
Which is a drop in the sea compared to other tech investments weâve seen rise in the last 5 years and all the AI biopharma that will start to explode in the very near future.
Even though Microsoft is teamed with openAI their results have been very poor and others are quickly gaining ground this sector. Most of the things that were gold and Microsoft touched turned into dust. Nokia, Skype, countless of Microsoft products that even had no competion MSFT managed to screw them up.
Hasnât it (most) always been MSFTâs strategy to copy, or to buy, rather than develop new technology inhouse?
I think ai is too young to identify sure long term winners. I think Microsoft does have the advantage of their sales channel.
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