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Gary J
Posted: 01 December 2021 16:00:47(UTC)
#968

Joined: 22/02/2020(UTC)
Posts: 610

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40+mins with Terry.

Quote:
In this interview, Smith tells Mary McDougall how he analyses and selects companies, how the rise of software has folded into his investment thinking and what trends he thinks currently look most promising.

He also talks about the extent to which fund size is a challenge going forward, and what spurred him to buy Amazon (US:AMZN) this summer.


https://www.investorschr...don-t-read-the-accounts/
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9 users thanked Gary J for this post.
Joe Soap on 01/12/2021(UTC), Keith Stewart on 01/12/2021(UTC), Collateral_Damage on 01/12/2021(UTC), Sara G on 01/12/2021(UTC), Frank Marquis on 02/12/2021(UTC), smg8 on 02/12/2021(UTC), Jesse M on 02/12/2021(UTC), Dan L on 02/12/2021(UTC), Andrew59 on 04/12/2021(UTC)
smg8
Posted: 02 December 2021 08:27:47(UTC)
#975

Joined: 26/04/2020(UTC)
Posts: 3,365
Interested to know if the forum detectives have a view on what has happened to this mysterious 2nd new holding.

At the end of October, along with Amazon Fundsmith said they'd started buying another new position, which was showing as undisclosed at 0.4%.

At the end of November the undisclosed new position is showing at 0.1%.

Am I being stupid in thinking this either means the new position dropped in share price by 75% hence going from 0.4 to 0.1 (highly unlikely) OR Terry Smith changed his mind and has already started selling the new position (again seems highly unlikely)?
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smg8
Posted: 02 December 2021 08:28:52(UTC)
#969

Joined: 26/04/2020(UTC)
Posts: 3,365
Gary J;197583 wrote:
40+mins with Terry.

Quote:
In this interview, Smith tells Mary McDougall how he analyses and selects companies, how the rise of software has folded into his investment thinking and what trends he thinks currently look most promising.

He also talks about the extent to which fund size is a challenge going forward, and what spurred him to buy Amazon (US:AMZN) this summer.


https://www.investorschr...don-t-read-the-accounts/


Is it just me that thought he didn't sound convinced himself that fund size isn't a problem?
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Joe Soap
Posted: 02 December 2021 08:36:10(UTC)
#974

Joined: 24/01/2010(UTC)
Posts: 2,157
Gary J;197583 wrote:
40+mins with Terry.

Quote:
In this interview, Smith tells Mary McDougall how he analyses and selects companies, how the rise of software has folded into his investment thinking and what trends he thinks currently look most promising.

He also talks about the extent to which fund size is a challenge going forward, and what spurred him to buy Amazon (US:AMZN) this summer.


https://www.investorschr...don-t-read-the-accounts/

Interesting listening to the discussion regarding Amazon. Thanks.
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Keith Stewart
Posted: 02 December 2021 09:58:05(UTC)
#977

Joined: 24/05/2019(UTC)
Posts: 277
smg8;197617 wrote:
Interested to know if the forum detectives have a view on what has happened to this mysterious 2nd new holding.

At the end of October, along with Amazon Fundsmith said they'd started buying another new position, which was showing as undisclosed at 0.4%.

At the end of November the undisclosed new position is showing at 0.1%.

Am I being stupid in thinking this either means the new position dropped in share price by 75% hence going from 0.4 to 0.1 (highly unlikely) OR Terry Smith changed his mind and has already started selling the new position (again seems highly unlikely)?


Secret squirrel and Morocco mole.
You need to get out more.
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smg8
Posted: 02 December 2021 10:03:20(UTC)
#978

Joined: 26/04/2020(UTC)
Posts: 3,365
Keith Stewart;197631 wrote:


Secret squirrel and Morocco mole.
.


I have literally no idea what this means, but thanks for your insights
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1 user thanked smg8 for this post.
SF100 on 02/12/2021(UTC)
PCB
Posted: 02 December 2021 11:15:29(UTC)
#976

Joined: 26/11/2015(UTC)
Posts: 7
smg8;197617 wrote:
Interested to know if the forum detectives have a view on what has happened to this mysterious 2nd new holding.

At the end of October, along with Amazon Fundsmith said they'd started buying another new position, which was showing as undisclosed at 0.4%.

At the end of November the undisclosed new position is showing at 0.1%.

Am I being stupid in thinking this either means the new position dropped in share price by 75% hence going from 0.4 to 0.1 (highly unlikely) OR Terry Smith changed his mind and has already started selling the new position (again seems highly unlikely)?


I noticed this too. Perhaps the mystery stock's share price increased too quickly before Terry could build a meaningful stake and so he's selling out already. Intriguing.
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Dave123 Jones
Posted: 03 December 2021 22:06:09(UTC)
#970

Joined: 18/12/2019(UTC)
Posts: 427

Thanks: 603 times
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smg8;197618 wrote:

Is it just me that thought he didn't sound convinced himself that fund size isn't a problem?


Your right check out what he says from about 22:30 or so for a couple of minutes, he admits that fund size is a handicap and that they can no longer invest in some of the companies they once could.
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1 user thanked Dave123 Jones for this post.
smg8 on 04/12/2021(UTC)
bédé
Posted: 04 December 2021 08:48:00(UTC)
#972

Joined: 26/09/2018(UTC)
Posts: 7,895

Thanks: 4617 times
Was thanked: 6855 time(s) in 3716 post(s)
Dave123 Jones;197852 wrote:
admits that fund size is a handicap and that they can no longer invest in some of the companies they once could.

What a nice problem for him to have.

The right marketing approach would be to put up the charges. That would stop the fund growing too big.
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1 user thanked bédé for this post.
Bulldog Drummond on 04/12/2021(UTC)
Dave123 Jones
Posted: 04 December 2021 09:07:30(UTC)
#973

Joined: 18/12/2019(UTC)
Posts: 427

Thanks: 603 times
Was thanked: 609 time(s) in 260 post(s)
bédé;197869 wrote:

The right marketing approach would be to put up the charges.

Do you want to give BD a heart attack, he already has sleepless nights about the amount we pay TS for making that 18% for us (annualized).
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3 users thanked Dave123 Jones for this post.
smg8 on 04/12/2021(UTC), Bulldog Drummond on 04/12/2021(UTC), Guest on 04/12/2021(UTC)
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