PA Congress Insight: Entrepreneurial US still great for stock pickers

“If you cannot find a relatively small number of really exciting, attractively valued stocks in a market like the US, the you should really question why you are a stock picker in the first place,” argues Baillie Gifford’s Tom Slater.

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      According to Slater, manager of the firm’s American Fund, the goal is to think about a company’s long term prospects.

      “We are looking for companies where we can make at least 2.5 times our money over the next five years and we have been finding a lot of those opportunities,” he said, adding: “We feel that backing the few entrepreneurs who are really prepared to invest in the long term will deliver really attractive payoffs on a five-year view. 

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