Dod101 wrote:The trouble with the Conviction 5 is that three of them are firmly in the wealth preservation camp rather than being growth focussed which is what this Board is about.
Independent IT might be worth a look by jonesa1. It is definitely a 'one off' being run by Max Ward and filled with his 'conviction' shares. It is quite volatile but has done well over a long period. Max Ward and the Chairman Douglas McDougall each have a large holding in the trust. If investing for the long term my only concern would be that Ward is getting on a bit and there is no obvious successor that I have heard of.
I hold this, but got my timing wrong and have currently have a sizeable to loss, but decided to stick with it and have added further. My concern was similar to yours about succession, but took the view that given the Baillie Gifford link (who I value highly), they would come up with the answer.