Winners Keep Winning w/ Billionaire Terry Smith (RWH054)

In this interview, William Green speaks with Terry Smith, the founder, CEO, and CIO of Fundsmith, about his life, investment philosophy, and experiences. Smith discusses his modest upbringing in London's East End, the impact of his early life on his ambition, and key influences such as the movie "The Thomas Crown Affair." He shares insights into his investment strategy, emphasizing the importance of cash flow, due diligence, and focusing on economic reality over reported earnings. Smith also recounts his experiences as a CEO and the lessons he learned, his investment approach at Fundsmith, and his preference for high-quality companies with strong returns on capital. The conversation touches on his contrarian investment style, his passion for cars and boxing, and his philanthropic efforts.