meta_pixel
Tapesearch Logo
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

Money Maze Podcast

Money Maze Podcast

Business, Investing, Management, News, Business News

4.8216 Ratings

🗓️ 6 February 2025

⏱️ 74 minutes

🧾️ Download transcript

Summary

In today’s episode we have the chance to talk to one of the most successful investors of his generation, James Anderson, Former Partner at Baillie Gifford.

I'm joined by Mark Wallace, MD of Rothschild & Co, who brings his expertise on US tech equities to this discussion. 

From 1987 until 2022 he led their flagship fund, the Scottish Mortgage Investment Trust. His early investments in Google through to Tesla paid handsome returns to investors, and have made him both highly respected and widely admired.

Now he is at Lingotto, the independent investment management company wholly owned by Exor N.V.

James discusses how his approach to evaluating companies has evolved and what he means by “the normal ways of looking at companies is no longer valid”. He discusses companies’ life cycles and why such a small percentage of listed companies actually deliver the big returns.

He then reflects on the importance of the academic community in sourcing, as well as validating investment ideas before moving on to the vision exhibited by founders and vested principals in newer businesses, from Amazon to Tesla.

He describes his investing priorities thematically, including risks, mistakes, accessing long-term capital and why Europe seems to lack ambition in both seizing and scaling the opportunities. 

Finally, he reflects on the public versus private debate, asking and answering the question as to which of those two may be the better sources of return.

​​The Money Maze Podcast is kindly sponsored by Schroders, IFM Investors, World Gold Council and LSEG.

Sign up to our Newsletter | Follow us on LinkedIn | Watch on YouTube

Transcript

Click on a timestamp to play from that location

0:00.0

I personally don't believe that in the long run, either from the point of view of security

0:06.1

of the world or for our economic self-interest, that we can separate us and not in China.

0:10.3

One just needs to navigate that quietly at the moment.

0:15.5

Welcome to the MoneyMays podcast.

0:17.7

This is your first time joining us.

0:19.8

I'm the host, Simon Brewer, and in this show,

0:22.2

we talk to proving leaders and thinkers from the worlds of business investing from beyond.

0:27.6

Money talks and money rules. The direction would you choose? It's the money made to pay the way.

0:37.1

To stay up to date with every episode, please do sign up to our newsletter via moneymase

0:41.8

podcast.com episodes are also published on our YouTube channel and we're active on all major

0:47.6

social media platforms thank you for listening today we're going to talk to one of the most successful investors of his generation.

0:57.0

Former partner at Bailey Gifford from 87 until 2022, he led their flagship fund, the Scottish

1:03.3

Mortgage Investment Trust, whose early investments from Google to Tesla paid handsome returns

1:08.5

to investors and has made him both highly respected and widely admired.

1:13.2

Now he is at Lingotto, the independent alternative investment management company wholly owned

1:18.0

by Exor, one of Europe's largest diversified holding companies whose origins go back to the end

1:23.4

of the 19th century and the Anneli family, when Giovanni Aneli founded Fabregat Italian

1:29.2

Automobile and Torino or Theat. James, we've been very much looking forward to this. Welcome to

1:35.1

the Monemez podcast. It's a pleasure to be here. Thank you. And today, my co-pilot in this interview

1:40.5

represents one of the few families that have survived, evolved and prospered

1:44.5

for generations, Rothschild and co. And I'm delighted to welcome Mark Wallace, managing the

1:49.2

director and co-head of portfolio management for their wealth management practice in London. Mark,

...

Transcript will be available on the free plan in -50 days. Upgrade to see the full transcript now.

Disclaimer: The podcast and artwork embedded on this page are from Money Maze Podcast, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Money Maze Podcast and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.