Terry Smith Q&A: 'We hope to run the best fund there has ever been'

How long have you been thinking of launching this sort of business? I have been thinking about it for decades to be honest, possibly as much as 30 years. We have been working on this particular project from August 2009. I had been thinking about it for a long time but there also was a combination of other factors. These are the possible time of a turnaround for the asset class, the current attention around fee structures, the availability of a number of former colleagues and also my availability after stepping down from my Collins Stewart role. The reason for choosing Fundsmith as ...