Terry Smith Admits Passive Investing Has Broken His Strategy

Terry Smith was Britain's most trusted stock picker. If you've ever bought an active fund because of its brilliant track record, this video is for you. We dig into what actually went wrong at Fundsmith, whether Terry Smith's own explanation holds up, and what the whole story means for anyone paying for active management. His excuse is that passive investing broke the market. We put that argument to the test.

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Timestamps
00:00 Introduction
01:05 Meet Terry Smith
02:15 From Star To Slump
04:04 Quality Trackers Win
05:04 Passive Broke Markets
07:10 Fundamentals Contradiction
08:08 Sharpe Arithmetic Of Fees
10:39 Strategy Shift Warning
11:31 Performance Persistence Myth
13:44 What Investors Should Do
14:25 Active Fund Checklist
15:15 Final Takeaways

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📹 Investing With Vanguard playlist https://www.youtube.com/playlist?list=PLlqeAQqQK7TfMV4S_51E_zmbMio4UNBtM
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DISCLAIMER
All information is given for educational purposes and is not financial advice. Ramin does not provide recommendations and is not responsible for investment actions taken by viewers. Figures that are quoted refer to the past and past performance is not a reliable indicator of future results.

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