#43 The Growth Investor

23 Jan 2025 • 78 min • EN
78 min
00:00
01:18:47
No file found

In this episode with Tom Slater of Baillie Gifford, manager of the £10bn Scottish Mortgage investment trust, we cover a lot of ground. Of course, we discuss his current thoughts on China and the Mag 7, including why he has trimmed Nvidia but still likes Meta and his thoughts on Elon Musk. Tom explainshis investing philosophy, what growth managers do differently from traditional value managers and how the firm’s culture has made Baillie Gifford such a successful manager. Tom explains how he remains calm in the roller coaster rides of many of his stocks, with drawdowns of 60-70% common, notably Nvidia in 2022 on its way to that $3tn capitalisation; why he favours technical founders who can advantage their companies in the AI age; what Elon Musk said to him in 2013 and why that has stayed with him; the difference between investing in quoted companies and those in private markets;  and why he and colleagues don’t pitch stocks to the team, which he believes gives them an important behavioural advantage.

From "Behind the Balance Sheet"

Listen on your iPhone

Download our iOS app and listen to interviews anywhere. Enjoy all of the listener functions in one slick package. Why not give it a try?

App Store Logo
application screenshot

Popular categories