Scottish Mortgage’s Confidence in Private Firms and Entrepreneurs

Scottish Mortgage is showing confidence in private companies and entrepreneurs, despite doubts from skeptics. According to manager Tom Slater, the skepticism surrounding the performance and valuation of their private assets is unfounded. He believes that these assets will contribute significantly to the trust’s value creation in the future. However, the company reported a 2.7% decline in net assets in the six months leading up to September, which marks another period of underperformance. In comparison, the FTSE All-World Index increased by 4.3% during the same period. Despite this, shares of Scottish Mortgage have remained at a significant discount to net…