AGM Report

Fundsmith Equity Fund Investors AGM Report 2015

AGM Date: March 3, 2015

Report Author: Roger Lawson

Last night (3/3/2015) Fundsmith held its Annual Meeting for investors in London. It was a full house at the venue - about 300 people I would estimate. Terry Smith the fund manager did most of the talking and he is of course a good speaker. The format was very much like Warren Buffett's meetings for Berkshire Hathaway shareholders with questions having to be submitted in advance, and some clearly being rhetorical ones asked by the faithful as many investors will have known the answers already. ShareSoc has covered the Fundsmith Equity Fund (a unit trust incidentally so it is unusual in having a meeting for investors) and its recent results in our past Newsletters. The meeting format rather takes the excitement out of the event if you are looking to

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