Investing for Growth

How to Make Money by Only Buying the Best Companies in the World – An Anthology of Investment Writing, 2010–20

2020

Framework

by

Terry Smith

2020

A framework-driven book by Terry Smith, founder of Fundsmith Equity Fund. This curated collection of two decades’ worth of investment letters and essays lays out his core philosophy: buy high-quality businesses in public markets, hold them long-term, and ignore market noise.

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Jermaine's Notes

July 2023

Strong focus on free cash flow yield and return on capital employed—Terry explains why they matter. He’s a straight shooter who breaks down key growth investing concepts with clarity and real examples. A good complement for fans of Buffett’s style, but with a stronger tilt toward growth. Read 2020 hardcover.

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