Lootman wrote:monabri wrote:Maybe Smith should be asking why Fundsmith is only doing slightly better than an S&P 500 tracker ( Vanguard's VUSA) over the last 5 years?
The S&P 500 has almost doubled in the last 5 years, with dividends on top, so that is not a terrible performance. Call it 15% annually.
Compared with the FTSE-100, Smith did much better.
It's the performance versus cost ratio I was quibbling about.