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Investment manager Terry Smith is defending his decision to avoid investing in US technology stock Nvidia after his fund underperformed its benchmark in the first half of 2024. Smith attributes the poor fund performance to skepticism about Nvidia's growth potential.
The man dubbed "Britain’s Warren Buffett" blames falling vet visits—not Nvidia—for poor fund performance. https://t.co/BjUvpgJgFe
'Investment manager Terry Smith has defended his decision to shun US technology giant Nvidia after his fund paid the price for scepticism that the chipmaker could continue growing at a rapid pace.' https://t.co/InrkB7MtKw https://t.co/D0IXIpkgVP
From Terry Smith's 1H 2024 Investor Letter (Fundsmith Equity Fund) I'm curious which company that last comment is in reference to... https://t.co/TTj9tZ4GkB
