LVMH has had a large drawdown, a fall, from 900 to 450 Euros in June 2025.
I don't think so. Discretionary will be under pressure.
You seem very negative on Terry Smith - his long term record has been quite good - is there a reason you think he is a contra indicator?
If one is going to look at long only contras I would peg the likes of Capital as better, no?
The problem is that he always sells good companies on short term downturns, after proclaiming "buy good companies do nothing" which is a huge contradiction.
Very snarky comment on Terry Smith. :-)
I don't think so. Discretionary will be under pressure.
You seem very negative on Terry Smith - his long term record has been quite good - is there a reason you think he is a contra indicator?
If one is going to look at long only contras I would peg the likes of Capital as better, no?
The problem is that he always sells good companies on short term downturns, after proclaiming "buy good companies do nothing" which is a huge contradiction.
Very snarky comment on Terry Smith. :-)