when her grandfather, james allen, is a lumberjack in northern california. james, a widower with a son in the army, sees redwood trees so massive that several men can easily fit inside the hollowed trunks. one day, during a sudden rain squall, he seeks shelter in the trunk of a giant redwood. that's when it occurs to james that he could actually make a home out of one. >> it was the tail end of the depression. he couldn't afford to buy a regular house. my grandma had already passed away. >> so james allen combs the forest for a suitable tree. he finally discovers the perfect one on the property of the georgia-pacific lumber company, near eureka, california. >> he traded the lumber company for that section of log for work. and then it took him four months to burrow out all the wood and a year and a half to complete the house. it was all done by hand. >> today, most of those lumber mills are gone. what was once called the "redwood empire" is now a state park. >> welcome to humboldt redwoods state park. >> oh, my gosh. these trees are so beautiful. >> and they'

when her grandfather, james allen, is a lumberjack in northern california. james, a widower with a son in the army, sees redwood trees so massive that several men can easily fit inside the hollowed trunks. one day, during a sudden rain squall, he seeks shelter in the trunk of a giant redwood. that's when it occurs to james that he could actually make a home out of one. >> it was the tail end of the depression. he couldn't afford to buy a regular house. my grandma had already passed away. >> so james allen combs the forest for a suitable tree. he finally discovers the perfect one on the property of the georgia-pacific lumber company, near eureka, california. >> he traded the lumber company for that section of log for work. and then it took him four months to burrow out all the wood and a year and a half to complete the house. it was all done by hand. >> today, most of those lumber mills are gone. what was once called the "redwood empire" is now a state park. >> welcome to humboldt redwoods state park. >> oh, my gosh. these trees are so beautiful. >> and they'

allen and company conference. ed hammond is on the ground with a guest with minting positions in everything from tencent to amazon. >> thank you so much. anderson,d by jamesof global equities at baillie gifford. you have the honor of being our first guest at this year sun valley conference. we have seen the suvs arriving, the vests. what are people talking about in some ways i find it difficult to apply a narrative. so many different conversations. for each of us, we are inspired by our particular interests. as you would expect, several comments on politics and even including britain, and about the ramifications for us. ed: obviously, everyone is looking at this through their own lens. last time we talked, talking about the debate between growth and value investors. you are big growth investors. why does belly get so much credit, seems to absorb so much of the attention, people are said to be prophetic, whereas growth, it is seen more as a moonshot. why is that? wees: that is right and don't have the answers to this and so many topics. you capture it well. isehow, valley investment seen as more serious and has an associated set of literature and gurus to