Funds, Trusts, and other things Baillie Gifford

Looks like they have staggered posts. Mine came a few weeks ago! Note the following comment by Slater in the latest issue

And one of the benefits of being private is that companies feel more able to be open about what they disclose.

For instance, we took a holding in Thumbtack, a US online platform that helps you hire local help for home improvements and other services. It sent us a report split in two. One half said what was working well at the firm, the other what wasn’t. I challenge you to find a public company that would be so frank in an earnings result statement.

Which I think is a big advantage that big investors in private companies (might) have.

1 Like