How to Invest like Terry Smith !

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영국 펀드매니저 Terry Smith의 'Set and forget' 투자 전략 소개. 2010년 이후 연 15% 내외 수익률로 MSCI World(약 12%)를 상회했다고 설명. 핵심 기준은 현금창출력이 높은 고품질 기업, 무형자산(브랜드·특허·고객관계), 부채 의존 기업 회피(은행·부동산 제외), 지속 성장 및 재투자 능력, 20~30개 집중 포트폴리오, 적정 밸류에이션 매수. 엔비디아 미보유에 대해 알파벳·마이크로소프트 중심 철학을 언급. 인도 기업 ITC, 마자곤도크 등을 장기 보유 후보로 제시.

다듬은 글

※ 자동 자막 원문(다듬기 전)

01. hey everyone welcome back to the channel in today's video we'll see an strategy of investing like Terry Smith not all of us would know who Terry Smith is so Terry Smith is a very famous uh British um fund manager he has founded up a funding company he's in fact called as the English Warren Buffett so he has got an investment checklist which we follow which gives a solid uh kager of around 15 to 20% year on year so he has gained his Stellar reputation just because of his uh certain forget rule of investment strategy his strategy is just set and forget in fact to put in simple terms he often says that like uh do nothing that's his uh core keyword so as a founder of this Equity Fund fund Smith so he delivered an impressive rate of 15% annually year after year since 2010 so this was launched in 2010 so the MSA index in the world which is your Morgan Stanley index which is comprising of about 1500 large and midcap companies so they have given a 12% kager in the same period but his funds is always given 15 to 20% of uh kager so his strategy is all about discipline long-term thinking and high quality Investments so in this video we'll see uh the checklist that we need to follow to manage up his style of investing into the mutual funds or into your Equity Funds so without further delay let's get started with it and if this is the first time you're watching this video my name is Anand and I've been posting technical contents on this channel macwin the first thing that you need to do is on focusing on the high quality business that's the main key important thing so Smith always looks for companies that gives you consistent cash Returns His ideal Investments are companies that gives you uh repeated purchases on stability and resilience so he always looks up for companies which gives you like surplus of cash returns without any zero debts so you have to look for zero debts and consistent cash Returns the second thing to uh look for is like intangible assets so what I mean by intangible assets is like having a multiple brands or patents or like having strong customer relationship so these um these assets create a very Competitive Edge allowing the companies to maintain High returns above the typical average even during the reversion of the market so when the performance dips over time this will help you to sustain the business or the company floats normally when there is a decline in the market the third important thing is like avoiding companies that are dependent on debt so he clearly stays away from businesses that relay very heavily on uh debt so because uh when you generate a return that is normally eaten up when there is a debt in the company so this includes the sectors like Banking and real estate and um where there is Leverage is the core business model so he avoids up companies like that and the next thing that he focuses on is like uh sustainable growth companies so growth is very important for any business to thrive and he always looks for that kind of companies he looks for companies that can reinvest excess cash flow back into the business so we've got companies when companies get a lot of cash flow they normally share it with uh the shareholders in the form of dividends so he looks up for companies that normally pay you back or they at least reinvest back into the business the fifth most important strategy of him is like not to over diversify he normally believes that a highly focused fund with just 20 to 30 companies like how we have in India those focused funds so he believes on things like that he doesn't believe in buying up 100 different stocks he believes only in 20 to 30 core businesses and invest on them if you do not um fully understand a business don't invest into that so that's his way of uh investment strategy then the sixth idea would be is like in investing on resilient businesses so there are some businesses that are resistance towards markets uh uh disruption so even when there is a market decline or a correction happening in the market so these companies try to to be like stable making them less vulnerability to Rapid change so those type of companies are preferred by him the next important point is like buying on the attractive valuations so even if the company is meeting up all of these criteria Smith waits for this company to buy in this price so he invests or buys a stock only when the price is right for them he looks for a free cash flow yield then there is a higher return for a longer um term so that's when he long goes for it so he tries to buy the stock at the right price so his way of uh finding up a fund is like really different when Nvidia is like really catching up on the market he in his recent interview the most recent one he said that like we're not going to fail just because we missed out on Nvidia or we don't have that in our portfolio we believe in companies like alphabet and Microsoft so that's his score strategy of investing he believes in the company or the business model of the company and invest them is like a invest and forget strategy just invest and forget let them stay in your portfolio for as long as possible as long as the fund is like really good just forget invest and forget that's the way to do your core business or how to invest into the stock market that's his core way of investing so if you have to look out for companies like this in in the Indian stock market I would think of companies like ITC would be one such company or something could be in your defense sector which could be your mazagon doc so these are some of the companies that comes to my mind which is like a invest and forget kind of a strategy if you know of any such companies do leave them in the comments below I would love to see what you guys feel as the Right company at the right value price of buying them and if you like this video do share it with your friends and uh I would like to see uh what you guys come up with in the comments I'm really interested to see what you guys come up with and um do smack that like button as well and I'll catch you up in the next one thanks for watching