Scottish Mortgage: A Risky Investment Trust for Cautious Investors

Scottish Mortgage, an investment trust established in 1909, has evolved from its original purpose of lending mortgages secured against rubber businesses to becoming a prominent player in the tech investment sector. Under the management of James Anderson for 21 years, the trust gained notoriety for its early investments in groundbreaking technology companies, including Amazon, at a time when many investors were hesitant following the dotcom bubble burst. This bold strategy has led to significant financial returns, with reports indicating that investments could have more than doubled in just one year. The trust's reputation has grown, making it a household name, although it is often viewed as a risky option for investors. The focus on innovative tech firms has positioned Scottish Mortgage as a key player in the investment landscape, attracting both interest and skepticism from potential investors.