Which company will be the next Apple?

TECHNOLOGY

James Anderson, manager of the Scottish Mortgage investment trust, examines some of the growing opportunities in the technology world.

It is fair to say we have seriously underestimated the force of technological innovation. It is more powerful than we thought and far broader in its application than we suspected. The opportunities in front of us are likely to be even more dramatic than in the recent past. This is because the very pace of change is in itself accelerating. It is very hard to grasp the implications of this. The minds of normal human beings, let alone those of fund managers with their preoccupation with the immediate, have difficulty in coping with change that is exponential rather than linear and where ...