Fundsmith’s 2018 Annual Letter

Fundsmith is a London-based investment manager, that was launched nine years ago by Terry Smith, an investor manager who has been often regarded as “the English Warren Buffet”.  He graduated in History from the University college Cardiff and also earned an MBA from The Management College, Henley. The beginnings of his investment career were at Barclays Bank. Fundsmith manages around £18 billion as of the end of 2018. Its investment philosophy is centered around the idea that thorough...