Long Equity - LONG EQUITY | Investment Research

August update

🌊 When investors drift

From 2010 to 2020, UK investor Terry Smith - founder of Fundsmith - outperformed the market, but the years that followed have resulted in significant underperformance. In recent weeks Fundsmith has made a signifcant change to its investment methodology, which has been subject to much commentary. In my most recent research report,

Terry Smith's Early Investments

Fundsmith's change in strategy Terry Smith is the Founder and Chief Investment Officer of the UK-based fund Fundsmith Equity. Earlier this month, a letter published by Terry caused a subsequent flurry of commentary concerning a deviation in his investment style. Terry is a quality-focused investor. His

☄️ Finding the future constituents of the S&P 500

Index rules vs market reality NVIDIA, with a market capitalisation of $4.7tn, is currently the largest company in the S&P 500. But what about at the other end of the spectrum? Sitting at the bottom we have the chemical company Mosaic, with a market cap of $6.

🪐 Expanding Long Equity

I have a couple of quick updates for you this week. 1. Stock Analysis Tool Expansion: Our Stock Analysis tool has been broadened to include the S&P 500, S&P 400, and S&P 600 - in addition to the companies already available in the Global Compounders

🏔️ What is a good company?

A quality investor that I have a lot of respect for recently remarked to me that " I think we can all identify quality companies... My concerns are more towards valuations." It's a curious point, that got me thinking: "Are quality investors just value investors that

⏳Sifting for Quality

To isolate businesses capable of consistently generating elite capital returns, we analysed a decade of historical performance (2016–2026) using our favourite capital efficiency metric: cash return on capital. The formula used was: Cash ROC = FCF/(Total Assets−Current Liabilities−Goodwill) By stripping out current liabilities and goodwill, we isolate

5️⃣ Five stocks that AI investors are buying worth following

This week we are going to take a look at five stocks that AI investors are buying and ask the question: "should a quality growth investor also invest?" The inspiration for this post came from recent 13F filings, which offer a fascinating window into where "smart money&

June update

🦋 First new investment of 2026

For the first time in 2026, I have started a new position. The Long Equity portfolio has recently performed exceptionally well. The two positions purchased last year, Comfort Systems USA and Lam Research, are now up 173% and 100% respectively. This is primarily the result of successive strong performance, as