scrumpyjack wrote:Aminatidi wrote:Is there a situation where people think Fundsmith could go terribly wrong?
I don't mean lag behind the index a bit I mean literally go terribly badly wrong.
I would like to say Terry is too sensible to do a Woodford. However Woodford was OK as long as he was part of a big organisation and answerable to independent management and defined processes. He went off the rails when he effectively became a one man band doing whatever he liked and not having to go through processes and challenges by others as happens in large organisations.
I suspect Terry is very much his own master, so I don't think one could rule it out completely.
Well yes doing a Woodford is one scenario
I should have been clearer and meant assuming Fundsmith follows its strategy.