Baillie Gifford [discussion] 📃

How is 1% higher than 5%?

In relation to the single position in both Funds, due to higher AUM, 1% position has more total value than the 5% position in other fund.

However in relation to the impact inside the fund itself, 1% impacts lot less then 5%. So even if it is 100k or 100m it is 1%

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Of course it is, silly me. I was viewing it from a totally wrong perspective. I don’t know what I was thinking and I’m so embarrassed re-reading what I’ve written. :sweat_smile: :man_facepalming:t3:

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To Whom It May Concern, the new issue of Trust is out:

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https://www.bailliegifford.com/en/uk/individual-investors/funds/scottish-mortgage-investment-trust/ic-video/2021-q2-scottish-mortgage-the-next-generation-of-winners-april-2021-ind-we-1985?p=13758

“In this interview, Investment Specialist Claire Shaw is joined by Tom Slater, Joint Manager of the Scottish Mortgage Investment Trust PLC. Shaw sets the scene by describing the trust’s unrelenting pursuit of ambitious, disruptive companies and the importance of Moore’s Law, before going on to ask Slater about which industries he thinks the big winners of the future will come from. Healthcare, transport, transactions and food delivery appear to be the ones to watch.”

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I’ve been investing for about 5 years now, and I haven’t found anything else that comes close to the quality of SMT & the team behind it. Not just about the returns, but their ethos, process and what I believe to be their biggest quality, trustworthiness with my money! :slight_smile:

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Agree completely - have held SMT for years, always sticking in the end when that portfolio-churn itch strikes every now and then and I wander about in IT-land looking at alternatives.

Persuasive even in the face of the BH gents’ recently reiterated guidance for the average Joe as well…

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