Chris Hohn has operated during the same period as Terry Smith, bought quality names, and has not underperformed. It is possible that Terry Smith has simply made poor picks and overdiversified his fund. It can be easy to blame AI mania or passive funds for one's underperformace. Ultimately, long time scales of 5-10 years will reveal the truth.
Chris Hohn has operated during the same period as Terry Smith, bought quality names, and has not underperformed. It is possible that Terry Smith has simply made poor picks and overdiversified his fund. It can be easy to blame AI mania or passive funds for one's underperformace. Ultimately, long time scales of 5-10 years will reveal the truth.