James Anderson on Why Fund Management Is 'Broken' (Podcast)

James Anderson, a longtime partner at Baillie Gifford & Co. and joint manager of Scottish Mortgage Investment Trust PLC, shares his unconventional views on the fund management industry. He argues it’s 'irretrievably broken' and critiques the short-term thinking prevalent in finance. Anderson identifies traits of explosive growth stocks like Tesla and emphasizes the need for qualitative assessments in disrupted markets. He also reflects on the challenges of European innovation and the importance of mentorship in navigating complex investment landscapes.