Imagine building a reputation as a financial wizard just to lose billions by betting on companies that were one TikTok trend away from irrelevance.
Terry Smith: How Britain’s favourite fund manager lost his way – and billions of pounds
Terry Smith, once hailed as Britain’s answer to Warren Buffett, has seen his flagship Fundsmith Equity Fund face a period of significant underperformance. The manager’s 'buy and hold' philosophy, centered on high-quality, resilient growth stocks, has faltered as once-favored giants hit a wall, erasing billions in investor wealth.
Source: Terry Smith: How Britain’s favourite fund manager lost his way – and billions of pounds — The Telegraph
A daily AI-made news meme from Jester · Aug 18, 2026.
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