Anyone familiar with Fundsmith LLP?
Discussion
I'm not a Fundsmith investor. Not sure what to make of this:-
http://www.telegraph.co.uk/business/2017/01/15/mau...
http://www.telegraph.co.uk/business/2017/01/15/mau...
bad company said:
I'm not a Fundsmith investor. Not sure what to make of this:-
http://www.telegraph.co.uk/business/2017/01/15/mau...
Looks like they are moving their own profits offshore. I presume that Mauritius is a cheaper tax regime. http://www.telegraph.co.uk/business/2017/01/15/mau...
2Btoo said:
bad company said:
I'm not a Fundsmith investor. Not sure what to make of this:-
http://www.telegraph.co.uk/business/2017/01/15/mau...
Looks like they are moving their own profits offshore. I presume that Mauritius is a cheaper tax regime. http://www.telegraph.co.uk/business/2017/01/15/mau...
bad company said:
2Btoo said:
bad company said:
I'm not a Fundsmith investor. Not sure what to make of this:-
http://www.telegraph.co.uk/business/2017/01/15/mau...
Looks like they are moving their own profits offshore. I presume that Mauritius is a cheaper tax regime. http://www.telegraph.co.uk/business/2017/01/15/mau...
It's the company's profits they are moving. No doubt as some form of tax avoidance. Nothing to do with the assets of the fund.
bad company said:
I'm not a Fundsmith investor. Not sure what to make of this:-
http://www.telegraph.co.uk/business/2017/01/15/mau...
Interesting that he has £115m of his own money in that fund. He's obviously pretty confident of his strategy for picking stocks. The fund now has ~£5billion in it, which makes it one of the largest open ended funds in the world.http://www.telegraph.co.uk/business/2017/01/15/mau...
I received the annual letter to shareholders this week. Always worth a read:
https://www.fundsmith.co.uk/docs/default-source/an...
The "confession" abut Dominos is interesting - not many would be so candid about their mistakes but i guess that is easier when one is +28% for the year....!
https://www.fundsmith.co.uk/docs/default-source/an...
The "confession" abut Dominos is interesting - not many would be so candid about their mistakes but i guess that is easier when one is +28% for the year....!
williaa68 said:
I received the annual letter to shareholders this week. Always worth a read:
https://www.fundsmith.co.uk/docs/default-source/an...
The "confession" abut Dominos is interesting - not many would be so candid about their mistakes but i guess that is easier when one is +28% for the year....!
All seems very sensible.https://www.fundsmith.co.uk/docs/default-source/an...
The "confession" abut Dominos is interesting - not many would be so candid about their mistakes but i guess that is easier when one is +28% for the year....!
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