The creator lists Netflix as one of the household names from the S&P 500 that Terry Smith has invested in, implying a lack of conviction.
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The UK's Number 1 Independent Stock Picker On the UK's Warren Buffet!
Aug 30, 2026
The creator discusses Terry Smith and Fundsmith's recent investment decisions, particularly their move into tech names like TSMC and AppLovin. The creator shares personal experience buying AppLovin at a lower valuation and notes that Fundsmith's entry point for AppLovin at $450 didn't appear phenomenal. The discussion touches on the difficulty of fund management, the importance of not losing money, and the concept of a "flaw" in valuation or market mispricing.
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Celestica is mentioned as a stock that, along with AppLovin, did phenomenally well after the creator bought into AppLovin.
The creator bought AppLovin at $40 in October 2023, which did phenomenally well, and notes Fundsmith bought in around $450 when the valuation didn't look phenomenal.
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