Money Maze Podcast 166: Reinventing Equity Investing: James Anderson's Journey, From Scottish Mortgage Investment Trust to Managing Partner & CIO of Lingotto's Innovation Strategy
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Feb 6, 2025 James Anderson, a renowned investor and Managing Partner at Lingotto, shares his transformative journey in equity investing. He discusses the inadequacies of traditional evaluation methods, focusing instead on innovative approaches tailored for the tech-driven market. The conversation touches on how successful investments in companies like Tesla and Amazon reflect changing dynamics, and addresses the critical gap in Europe’s ambition for long-term investment success. The debate on the benefits of public versus private ownership further enriches this insightful dialogue.
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James Anderson's Background
- James Anderson, formerly at Baillie Gifford, now leads Lingotto's innovation strategy.
- He achieved success with early investments in companies like Google and Tesla.
Concentrated Returns
- Stock market returns are driven by a small number of outlier companies.
- This pattern has existed historically but is becoming more pronounced.
Intellectual Capital Dominance
- The dependence on intellectual capital leads to increasing returns to scale.
- Standard investment interpretations haven't adapted to this dominant pattern.