The active edge: the case for growth in uncertain times

The podcast explores active investing strategies amid the increasing dominance of passive funds, questioning how active managers can deliver superior results. Baillie Gifford partner Stuart Dunbar explains the firm's focus on "uncommon understanding," achieved through deep company engagement and long-term perspectives. Dunbar argues that periods of market instability, while challenging, create opportunities to add value by investing in undervalued growth companies like Nu Holdings and Medpace. He highlights the importance of patient capital and aligning incentives to overcome short-term market pressures. The discussion also covers the firm's approach to private investments, viewing them as an extension of their growth investing philosophy.