Asset Managers Should Have Longer-Term Focus, Baillie Gifford's Dunbar Says

The video discusses the volatility of markets and the short-term focus of many investors, which often leads to poor decision-making. It highlights the agency issues within companies and the investment industry, where short-term incentives can hinder long-term growth. The challenges of asset management, including the balance between growth and capacity, are explored. The importance of ESG and responsible investing is emphasized, along with the need for effective governance. The video also touches on industry consolidation and the role of unconventional leaders like Elon Musk.

In what ways does the speaker believe the investment industry should change to better support long-term investments?

How does the speaker view the impact of consolidation in the asset management industry?

What does the speaker suggest about the importance of long-term thinking in investment management?