The science and art of picking growth stocks

In this episode of "Short Briefings on Long Term Thinking," Malcolm Borthwick interviews Mark Urquhart, an Investment Manager and Partner at Baillie Gifford, about the firm's approach to growth investing. Mark discusses his unconventional path to joining Baillie Gifford, the evolution of their investment style since 1996, and the importance of identifying companies with both high growth potential and lasting competitive advantages. He shares insights gained from his experiences in the US, UK, and Japan teams, highlighting the significance of open-mindedness and the value of investing in maverick entrepreneurs. Mark also reflects on navigating various market crises, including the pandemic, and emphasizes the need to balance a focus on operational performance with an awareness of macroeconomic factors. He expresses excitement about the potential of companies merging technology and healthcare, particularly in personalized medicine, and recommends the book "1599" by James Shapiro.