The science and art of picking growth stocks

episode

Short Briefings on Long Term Thinking - Baillie Gifford not yet transcribed

▲ 0

Transcript

This episode hasn't been transcribed yet Upvotes decide what gets transcribed next — 0 so far. Sign in to upvote

More from Short Briefings on Long Term Thinking - Baillie Gifford

SpaceX: past, present, future – and finding the next world-changers 36 min · 04 Aug 2026

Tokenisation: a better way to own what you own 31 min · 23 Jun 2026

Why American culture feels so chaotic – and how investors can benefit 36 min · 01 Jun 2026

All episodes from Short Briefings on Long Term Thinking - Baillie Gifford →

Report any issue

Source

Recorded09 Aug 2023

Publisherfeeds.blubrry.com ↗

Handlerec:13479958

Show notes

What counts as a growth stock is ever-changing. Mark Urquhart shares lessons from 27 years of investing to explain how he decides what to buy and how long to hold as he continues his hunt for outsized returns. Background: In 1996, our largest investments included oil and gas companies and high street banks. These days, our biggest holdings specialise in computer chips, ecommerce and biotech. We still pursue long-term growth – companies we believe will reach their potential given time. But we find it in different places. In this episode, partner Mark Urquhart explains how he tries to identify companies that can grow for a decade or longer, allowing their sales, profits and share prices to compound along the way. He discusses the changing nature of the businesses that qualify and what gives him the confidence to back maverick founders. Other topics he covers in conversation with managing editor Malcolm Borthwick include lessons from the pandemic and the growth companies that most excite him today. Resources:The changing face of growthFour cardinal questions for growth investorsMark Urquhart’s LinkedIn page1599: A Year in the Life of William ShakespearePast podcasts Timecodes:00.00 Introduction1:20 Joining Baillie Gifford in the pre-Google era03:45 An evolving attitude to growth companies05:20 Looking for stronger compound growth06:35 Investing in Microsoft08:00 The quest for companies like Hermès09:55 Learning to be open-minded in Japan12:10 The importance of mavericks13:40 How Tesla hit its targets 14:40 Investing in times of crisis17:35 What the Covid pandemic teaches growth investors23:05 Today’s most exciting growth companies25:15 Book recommendation Follow us via:TwitterLinkedInEmail Companies mentioned include:Alphabet (Google)AppleASMLDexcomDon QuijoteHermèsMercadoLibreMicrosoftNetflixPelotonSpaceXTesla

Ask this episode

“What did the council decide on item 42?” — answered with the speaker and the moment.