I always felt that investing is both simple yet difficult at the same time. Terry Smith In the below article, Terry Smith shared his investment strategy, Terry Smith is also known as the English Warren Buffett, Smith joined Barclays as a history graduate in 1974. He became prominent as the UK’s top-rated banking analyst throughout the 1980s. Terry Smith’s tips for picking exceptional businesses and getting hefty returns (read here) To quote the article (emphasis mine): Investment strategy Smith says investors should have a high quality, concentrated portfolio of 20-30 resilient global growth companies which are held for the long term. As per him, investors should follow a simple three-step investment strategy, which is-

1. Buy good companies 2. Don’t overpay 3. Do nothing

Investing is a long-term prospect, the benefits of which come after many years. Patience, too, is a behaviour where the benefits last a long time. Patience endures temporary hardships for the ...