Terry Smith on Warren Buffett and how to find good companies

[@valerio727]

Is he referring to ROCE or ROIC

[@rajibear77]

isnt it the same thing
? Capital used in the business? Equity plus Debt?

[@bluegtturbo]

As many as 70 companies is too much diversification. Diversification to that extent regresses returns to the index average.

[@chrismullarkey3181]

Never heard of the bloke.