Terry Smith, founder and chief executive of British investment management company Fundsmith, is often compared to Warren Buffett because he's a fan of simple investment rules for success. The Oracle of Omaha also liked to keep things as simple as possible throughout his tenure as CEO of Berkshire Hathaway. He said Berkshire's strategy is to buy wonderful businesses at a fair price. Smith's three-step strategy is pretty similar: Buy good companies. Don't overpay. Do nothing. Like Buffett, Smith is ...