Max Ward – My Mistakes as a Fund Manager

4 December 2023

Mistakes are our passion at our wonderful library – most of the time it’s someone opining on the errors of others but every so often we get an individual confident enough to talk freely about their own experiences.

As a Christmas treat, we had such an event on 4 December 2023 when Max Ward discussed what he learnt from his mistakes as one of the UK’s best-known investment managers.

Max has just retired after an outstanding five decades as a fund manager with Baillie Gifford and the Independent Investment Trust.

In a lively conversation, he discussed his experiences, reflections and lessons with his former colleague Peter Hollis. In particular, Max talked about “going through the wringer”, a period of prolonged agony that he believes is unavoidable for all long-tenured managers of other people’s money.

As Keeper of the Library of Mistakes I hope that you will enjoy learning from Max in this video, a remarkably successful investor who is humble and honest enough to admit to, and reflect on, his mistakes.

The event took place on 4 December at the Library of Mistakes, 33A Melville Street Lane, Edinburgh, EH3 7QB. Drinks were kindly provided by Kennox Asset Management after the event.

Recent lectures

Daniel Peris on The Ownership Dividend

Wed 14 February 2024

A must attend event for anyone interested in portfolio management, we were truly honoured to have someone of the stature of Daniel Peris visit us…

View Lecture →

Mistake of the Year Awards

Wed 7 February 2024

On the 7th of February 2024, we held the society event of the year in Edinburgh! This was the society event of the year in Edinburgh,…

View Lecture →

Patrick Schotanus – The Market Mind Hypothesis

15 November 2023

We are very proud to support the Market Mind Hypothesis and its proponent Dr Patrick Schotanus — a project going from strength to strength, attracting…

View Lecture →

The Library of Mistakes Course

Advanced Valuation in Financial Markets

The online version of our renowned course, is available for both finance professionals and nonprofessionals.

As featured in the Financial Times

In conjunction with Heriot-Watt University

twoguys
Scroll to Top