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Scottish Mortgage seeks out lateral thinkers like academics, authors, and experts in the industry

to shape our investment ideas. Not the usual suspects and narrow mindset of financial analysts

and investment industry commentators. That way, we continue to build a portfolio that reflects

real-world progress not financial world noise. Scottish Mortgage is managed by Bayley Gifford.

A key information document is available by visiting BayleyGifford.com,

as with any investment capital is at risk.

Hi, Rebecca. Hey, John. And hello, world. We're the hosts of the news items podcast,

and we look at the news a bit differently. The podcast is really about three big themes.

The financialization of everything, a world in disarray, and advances in science and

technology. Let's break them down. So for some time now, the financing of things has been worth

more than the making of things. And today, finance is borderless. A lot of it is online,

and new asset classes are emerging. This changes the calculus around value and risk.

A world in disarray is pretty self-explanatory. The post-World War II order has unraveled. China

...