This episode is brought to you by Hard Lessons, a Morgan Stanley podcast.
Iconic investors like Stan Druckenmiller, John Gray, and Rick Reeder break down calls that worked.
I knew that this stock would go up for at least two or three years and go up a lot.
Ones that didn't.
I quite frankly thought the company could have reversed course.
They didn't.
And what they learned in between.
When you buy everything and it goes up, it doesn't train you to be a great investor.
It's these hard lessons that make all the difference.
Listen to Hard Lessons wherever you get your podcasts.
Good morning from the Financial Times.
Today is Wednesday, October 7th, and this is your FT News Briefing.
Hollywood is in its Ellison era,
and tanker owners are paying their captain's top dollar to go through the Strait of Hormuz.
Plus, the fate of one of India's biggest conglomerates is in the hands of one man.
I'm Mark Filippino, and here's the news you need to start your day.
There is a new Hollywood colossus in town, and its CEO has a bit of an uphill battle ahead of him.
Paramount Skydance closed its acquisition of Warner Brothers Discovery yesterday.
Now the company is just called Skydance.
Chief Executive David Ellison will have to figure out how to get a bunch of different media to work together.