Stuart Dunbar explains why a long-term investment approach suits the new types of growth companies that are emerging.Background:It’s been five years since Baillie Gifford launched its ‘actual investors’ campaign. It focuses on the firm’s long-term, active approach to growth.  In this episode, the effort’s mastermind Stuart Dunbar joins Malcolm Borthwick to take stock and explain why actual investing is more relevant than ever. As he explains, capital-intensive companies are seeking to transform healthcare, transport and entertainment, among other industries, and they need patient, supportive shareholders to fulfil their potential and deliver strong returns.  Resources:Actual investors (https://www.bailliegifford.com/en/uk/about-us/actual-investors/)Let’s talk about actual investing (https://www.bailliegifford.com/literature-library/actual-investing/let-s-talk-about-actual-investing/)Baillie Gifford’s investment beliefs (https://www.bailliegifford.com/en/uk/individual-investors/investment-beliefs/)The Premonition by Michael Lewis (https://wwnorton.com/books/9780393881554)The Economics of Fund Management by Ed Moisson (https://www.agendapub.com/page/detail/the-economics-of-fund-management/?k=9781788215336)The Golfer’s Journal (https://www.golfersjournal.com/) Timecodes:0:00   Introduction1:30   What is Actual investing?3:30   Finding great companies4:20   Investing with autonomy and conviction6:10   Growth investing8:00   Companies harnessing technology9:10   The next decade of growth12:00   Health innovation14:45   Interest rates and inflation19:00   Stress testing portfolios21:15   Guarding against group think22:30   Book recommendationsFollow us via:Twitter (https://twitter.com/bailliegifford)LinkedIn (https://www.linkedin.com/company/baillie-gifford/)Email (https://www.bailliegifford.com/en/uk/individual-investors/email-sign-up/)Companies mentioned include: Amazon (https://www.amazon.co.uk/)Apple (https://www.apple.com/)ASML (https://www.asml.com/)Moderna (https://www.modernatx.com/)Netflix (https://www.netflix.com/)Samsung (https://www.samsung.com/)TSMC (https://www.tsmc.com/)