Spet0789 wrote:Interesting charts, and absolutely correct to highlight the important of return per unit of risk.
But by that measure (taking for example the Calmar Ratio, Return / Maximum drawdown) some of the other funds have done a lot better than Fundsmith (MS Global Advantage for example).
So something like 70:30 of that fund and cash would have delivered higher returns than Fundsmith with lower volatility and drawdown.
Oh undoubtedly.
But I know I'm not keen on volatility and it's very easy to get FOMO or distracted at some of the massive returns witnessed without seeing the possible downside when the upside stops