{"id":4211,"date":"2019-04-02T12:04:10","date_gmt":"2019-04-02T12:04:10","guid":{"rendered":"http:\/\/joapen.com\/blog\/?p=4211"},"modified":"2019-04-02T12:22:26","modified_gmt":"2019-04-02T12:22:26","slug":"fundsmith-annual-shareholder-meeting","status":"publish","type":"post","link":"https:\/\/joapen.com\/blog\/2019\/04\/02\/fundsmith-annual-shareholder-meeting\/","title":{"rendered":"Fundsmith annual shareholder meeting"},"content":{"rendered":"<p>This video: <a href=\"https:\/\/www.youtube.com\/watch?v=d3cRr318ve4\">https:\/\/www.youtube.com\/watch?v=d3cRr318ve4<\/a>, is the annual shareholder meeting of Fundsmith. Apart of presenting the results of the year, they review a set of economic fundamentals and behaviors that are communicated in a very didactic way.<\/p>\n<h1>Basic strategy principles<\/h1>\n<p>The investment strategy has three pillars that are summed up by the acronym ODD:<\/p>\n<ul>\n<li><strong>O<\/strong>nly invest in good companies.<\/li>\n<li><strong>D<\/strong>on\u2019t overpay.<\/li>\n<li><strong>D<\/strong>o nothing.<\/li>\n<\/ul>\n<p>&#8220;We limit it to a few sectors which have the characteristics we seek: <strong>consumer staples<\/strong>, some <strong>consumer discretionary products<\/strong>, <strong>healthcare<\/strong>, and <strong>technology<\/strong> being the main sectors.&#8221;<\/p>\n<p>About Brexit: Better A Painful Ending, than An Endless Pain.<\/p>\n<p>When there is not the perfect company in a sector, we pick two to look for that perfection.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This video: https:\/\/www.youtube.com\/watch?v=d3cRr318ve4, is the annual shareholder meeting of Fundsmith. Apart of presenting the results of the year, they review a set of economic fundamentals and behaviors that are communicated in a very didactic way. Basic strategy principles The investment strategy has three pillars that are summed up by the acronym ODD: Only invest in &#8230; <a title=\"Fundsmith annual shareholder meeting\" class=\"read-more\" href=\"https:\/\/joapen.com\/blog\/2019\/04\/02\/fundsmith-annual-shareholder-meeting\/\" aria-label=\"Read more about Fundsmith annual shareholder meeting\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[],"class_list":["post-4211","post","type-post","status-publish","format-standard","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Fundsmith annual shareholder meeting -<\/title>\n<meta name=\"description\" content=\"This video: https:\/\/www.youtube.com\/watch?v=d3cRr318ve4, is the annual shareholder meeting of Fundsmith. 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