Fundsmith 2017 Annual Letter

Fundsmith published its 2017 annual letter with comments on the market, growth investing, and activism.

The letter discusses four recent large cap shareholder activism and takeover situations: ADP, Nestle, Procter & Gamble, and Unilver.

Read the full letter here: Fundsmith 2017 Annual Letter
More: Hedge Fund Fourth Quarter 2017 Investor Letters

Fundsmith's strategy of investing quality growth companies:

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