What can a US academic's research teach Baillie Gifford about the handful of companies behind nearly all net gains on global stock markets?
Tim Alcorn, Head of Investment Risk, looks at what we've learned
Lesson one
Focus on growth
Investing in research and development while still achieving superior growth in returns, scale and profitability is a key
characteristic of winning companies. Firms succeed or fail for myriad reasons, but this appears to be a must-have.
