Del Buy&Hold al Turnaround. Mi evolución personal

[DanGates]

@Terry Smith

I have been asked far more frequently whether a share, a strategy or a fund is cheap or expensive than I am asked about what returns the companies involved deliver and whether they are good companies which create value or not.

Compounders:La gallina de los huevos de oro (plata también vale)

Este fin de semana he leído las cartas de Terry Smith, son pocas y no muy extensas, pueden encontrarlas en la web de Fundsmith. https://www.fundsmith.co.uk/analysis Comparto algunas líneas que me ha parecido interesante remarcar. It is becoming clear that dividends are likely to provide a more significant portion of the total return on equities in the future than they did in the equity bull markets of 1982-2000 and 2003-07. Every piece of research I have encountered and all my experience …