What investors can learn from Alex Bird’s 500 winning bets at the races The Telegraph, 19 June 2015

In managing the Fundsmith Equity Fund, we seek to invest in companies that have a long history of success in a few sectors such as consumer staples, medical equipment and franchising.
The reality is that we don’t seek to predict who will win, but rather to bet on a company that has already won.
We simply need to wait until the market misprices these shares in order to get our chance to bet on a certain winner.