166: Reinventing Equity Investing: James Anderson's Journey, From Scottish Mortgage Investment Trust to Managing Partner & CIO of Lingotto's Innovation Strategy

The Money Maze Podcast features James Anderson, former partner at Bailey Gifford and now at Lingotto, discussing long-term investment strategies and corporate longevity. Anderson emphasizes the increasing concentration of stock market returns in a small number of companies due to intellectual capital and increasing returns to scale, referencing the Bessenbinder study. He advocates for a differentiated approach to investing, focusing on exponential technologies and the potential for significant upside, citing Tesla's battery technology improvements as an example. The conversation explores the importance of identifying companies with moral authority and distinctive cultures, particularly in sectors like healthcare, and the challenges European companies face in achieving global scale.