The tech stock rout has only just begun

Matthew Partridge talks to fund manager Alasdair McKinnon, who explains what investors must learn from the past, and why Apple is a one-trick pony.

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Apple is a one-trick pony
(Image credit: © 2018 Bloomberg Finance LP)

Many fund managers like to portray themselves as contrarian investors. But Alasdair McKinnon, manager of the Scottish Investment Trust (LSE: SCIN), whichhas been around since 1887, believes that that a large proportion of funds are "closet trackers" that differ very little from their benchmark index.

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Dr Matthew Partridge
Shares editor, MoneyWeek

Matthew graduated from the University of Durham in 2004; he then gained an MSc, followed by a PhD at the London School of Economics.

He has previously written for a wide range of publications, including the Guardian and the Economist, and also helped to run a newsletter on terrorism. He has spent time at Lehman Brothers, Citigroup and the consultancy Lombard Street Research.

Matthew is the author of Superinvestors: Lessons from the greatest investors in history, published by Harriman House, which has been translated into several languages. His second book, Investing Explained: The Accessible Guide to Building an Investment Portfolio, is published by Kogan Page.

As senior writer, he writes the shares and politics & economics pages, as well as weekly Blowing It and Great Frauds in History columns He also writes a fortnightly reviews page and trading tips, as well as regular cover stories and multi-page investment focus features.

Follow Matthew on Twitter: @DrMatthewPartri