A 2,240% Run and a Staggering Drop

For years, James Anderson had earned a reputation as the techno-visionary oracle of Edinburgh.

He set aside conventional investment metrics and staked his clients’ money on a relatively small number of risky, high-growth stocks. He went about transforming Baillie Gifford’s prosaically named Scottish Mortgage Investment Trust into one of the world’s top performing funds of its kind for a decade.