Investing for Growth : How to make money by only buying the best companies in the world - An anthology of investment writing, 2010-20 / Terry Smith ; foreword by Lionel Barber.

Format:

• Book

Author/Creator:

• Smith, Terry, author.

Contributor:

• Barber, Lionel, writer of foreword.

Language:

English

Subjects (All):

• Investment analysis.
• Investments.
• Stocks.

Physical Description:

1 online resource (253 pages)

Place of Publication:

Petersfield, Hampshire, England : Harriman House Ltd, 2020.

Summary:

Buy good companies. Don't overpay. Do nothing. Some people love to make successful investing seem more complicated than it really is. In this anthology of essays and letters written between 2010-20, leading fund manager Terry Smith delights in debunking the many myths of investing - and making the case for simply buying the best companies in the world. These are businesses that generate serious amounts of cash and know what to do with it. The result is a powerful compounding of returns that is almost impossible to beat. Even better, they aren't going anywhere. Most have survived the Great Depression and two world wars. With his trademark razor-sharp wit, Smith not only reveals what these high-quality companies really look like and where to find them (as well as how to discover impostors), but also:- why you should avoid companies that abuse the English language- how most share buybacks actually destroy value- what investors can learn from the Tour de France- why ETFs are much riskier than most realise- how ESG investors often end up with investments that are far from green or ethical- his ten golden rules for investment- and much, much more.Backed up by the analytical rigour that made his name with the cult classic, Accounting for Growth (1992), the result is a hugely enjoyable and eye-opening tour through some of the most important topics in the world of investing - as well as a treasure trove of practical insights on how to make your money work for you. No investor's bookshelf is complete without it.

Contents:

• Intro
• Contents
• Foreword by Lionel Barber
• The lessons of the first ten years
• Introduction by Terry Smith
• Fund management fees
• Straight Talking, 28 September 2010
• Annual letter to shareholders 2010
• Fundsmith, January 2011
• Share buybacks - friend or foe?
• Investment Week, 11 April 2011
• Exchange-traded funds are worse than I thought
• The Telegraph, 24 May 2011
• Accelerated stock repurchases
• Straight Talking, 4 July 2011
• Murdoch should give up control of News Corp
• Investment Week, 13 July 2011
• News Corp: a family business
• The Guardian, 18 July 2011
• UBS debacle highlights dangers of ETFs
• Investment Week, 16 September 2011
• The great contender - how Smokin' Joe Frazier defined an era
• Financial Times, 12 November 2011
• Annual letter to shareholders 2011
• Fundsmith, January 2012
• Traders are the ruin of retail banking
• The Guardian, 1 July 2012
• Lessons of the great Wall Street Crash
• The Independent, 24 October 2012
• Lessons from the Tour de France
• Financial Times, 23 November 2012
• Annual letter to shareholders 2012
• Fundsmith, January 2013
• Return-free risk - why boring is best
• Financial Times, 18 January 2013
• Ten golden rules of investment
• Financial Times, 15 February 2013
• Market timing: don't try this at home
• Financial Times, 1 March 2013
• Sorting the wheat from the chaff
• Financial Times, 15 March 2013
• Never invest just to avoid tax
• Financial Times, 28 March 2013
• Too many stocks spoil the portfolio
• Financial Times, 12 April 2013
• Keep a lid on costs to protect your investment
• Financial Times, 29 April 2013
• If they use these words, don't buy their shares
• The Telegraph, 18 October 2013
• Why it is safe to pay up for quality
• The Telegraph, 22 November 2013
• It's déjà vu all over again
• Financial Times, 6 December 2013.
• Annual letter to shareholders 2013
• Fundsmith, January 2014
• Just the facts when weighing investments
• Financial Times, 24 January 2014
• Shale: miracle, revolution or bandwagon?
• Financial Times, 7 February 2014
• Investors are their own worst enemies
• The Telegraph, 14 February 2014
• Big Blue investors may not have a winning hand
• Financial Times, 24 February 2014
• What did you invest in before the war, great-grandpa?
• Financial Times, 8 March 2014
• Why buy Brics when you can have Mugs?
• Financial Times, 11 April 2014
• A hitchhiker's guide to emerging markets
• Financial Times, 1 August 2014
• How investors ignored the warning signs at Tesco
• Financial Times, 6 September 2014
• Eureka! I discovered how funds are named
• Financial Times, 3 October 2014
• Why I don't own bank shares
• Financial Times, 1 November 2014
• Is this the next Tesco?
• The Telegraph, 29 November 2014
• Let's all do the corporate hokey-cokey
• Financial Times, 5 December 2014
• Annual letter to shareholders 2014
• Fundsmith, January 2015
• What exactly do we mean by "shareholder value"?
• Financial Times, 9 January 2015
• Shareholder value is an outcome, not an objective
• Financial Times, 6 February 2015
• Three steps to heaven
• Fidelity, 27 February 2015
• Where's the beef? McDonald's uncertain recovery
• Financial Times, 22 May 2015
• What investors can learn from Alex Bird's 500 winning bets at the races
• The Telegraph, 12 June 2015
• What investors can learn from Sir Alex Ferguson's success
• The Telegraph, 19 June 2015
• Bond proxies: can you afford not to own them?
• Financial Times, 26 June 2015
• Income is not what it used to be
• Financial Times, 17 July 2015
• Keep your eyes on the prize: total return is what matters
• Financial Times, 24 July 2015
• Why bother cooking the books if no one reads them?.
• Financial Times, 24 September 2015
• Firms which provide good products or services are key to investing
• Daily Mail, 9 November 2015
• What I have learnt at Fundsmith in the past five years
• Financial Times, 21 November 2015
• Annual letter to shareholders 2015
• Fundsmith, January 2016
• If you do one thing with your money in 2016
• Financial Times, 15 January 2016
• Investors should not write off bond proxies
• Financial Times, 8 September 2016
• What the Nifty Fifty can tell us about bond proxies
• Financial Times, 14 September 2016
• Stay focused on the 'known knowns'
• The Telegraph, 29 October 2016
• Annual letter to shareholders 2016
• Fundsmith, January 2017
• Emerging markets ETFs and the Jaws of Death
• Financial Times, 17 February 2017
• The unique advantage of equity investment
• Financial Times, 20 April 2017
• AstraZeneca is beginning to look like Tesco
• Financial Times, 4 August 2017
• Annual letter to shareholders 2017
• Fundsmith, January 2018
• ESG? SRI? Is your green portfolio really green?
• Financial Times, 18 January 2018
• Adding small-caps to a global equity portfolio adds value without heightening the risk
• Financial Times, 31 August 2018
• Who needs income?
• Financial Times, 3 October 2018
• Do equities outperform bonds?
• Financial Times, 7 November 2018
• Annual letter to shareholders 2018
• Fundsmith, January 2019
• The myths of fund management
• Global Finance Mauritius, November 2019
• Annual letter to shareholders 2019
• Fundsmith, January 2020
• A pandemic letter to shareholders
• Fundsmith, 31 March 2020
• Never let a crisis go to waste
• Financial Times, 30 April 2020
• There are only two types of investors
• Financial Times, 2 July 2020
• In order to finish first
• Global Finance Mauritius, August 2020
• Publishing details.

Notes:

Description based on print version record.

ISBN:

• 9780857199027
• 0857199021