Fundsmith’s Terry Smith: Why I Never Invest in Banks!

The John Johnston Lounge · Mar 24, 2023 · 13m

I discuss the reasons why investor and Fundsmith fund manager Terry Smith doesn’t ever invest in bank shares, even though he’s an expert banking analyst. Related episodes: Playlist: Banking Crisis of 2023 - Bank Investing https://youtube.com/playlist?list=PLrNjj1l3MS7U__0khQp2P80FTAEgYFaFn Using a referral link below helps support the pod, thanks! Terry Smith’s book, Investing for Growth: How to make money by only buying the best companies in the world (refferal link) https://amzn.to/40c1slY The main investment brokerage I use to buy and sell international stocks is Interactive Brokers…