The investment trust magazine from Baillie Gifford

Cover story
Cultivating uncertainty
We can’t know which AI companies will bloom, but Anthropic’s culture inspires confidence. Tom Slater explains why Scottish Mortgage is backing it.

“Schiehallion hunts for private companies that can scale… without needing constant top-ups”
Joint manager Peter Singlehurst explains why app empire Bending Spoons is the trust’s largest holding.
News in brief
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From the archive
Podcast
Listen to Short Briefings on Long Term Thinkings frank, often contrarian conversations with our decision-makers and read summaries of their remarks.











