A recording of the live webinar that took place on 26 March 2024. Scottish Mortgage managers Tom Slater and Lawrence Burns discuss buybacks, private companies, portfolio holdings and more. Capital at risk.
Chapters
0:00:09 - Introduction and purpose
0:01:27 - The buyback announcement
0:03:25 - Elliott’s influence on the buyback
0:03:58 - Elliott and Alliance Trust
0:05:11 - New ideas
0:07:00 - The IPO market
0:09:00 - Profits from private companies
0:12:13 - Private company allocation
0:13:06 - The Magnificent 7
0:16:28 - AI Opportunities and examples
0:20:25 - Ferrari
0:22:41 - PDD
0:26:04 - How is the buyback financed?
0:27:29 - Elliott’s influence and alignment
0:28:24 - TikTok/ ByteDance
0:30:47 - Do the managers encourage IPOs?
0:32:44 - Tracking private company fundamentals
0:35:13 - Lessons on discounts and valuations
0:38:43 - Debt levels of the Trust
0:39:47 - Opportunities in India
0:41:41 - Moderna
0:44:36 - Tesla and Aurora
0:47:00 - Ginkgo Bioworks
0:49:05 - ASML
0:50:20 - Most exciting stocks
0:53:13 - Portfolio conviction
0:55:32 - Personal Investment in Scottish Mortgage
