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 Thursday, October 8th, and this is your FT News Briefing.
Oil companies aren't afraid to keep doing business in the Middle East,
but the UK's public finances are definitely hurting because of the Iran war.
Plus, China is racing to build AI infrastructure throughout Inner Mongolia.
What I saw here was just immense.
It was like a Disneyland for data centers, and there were just dozens and dozens of sites.
I'm Mark Filippino, and here's the news you need to start your day.
The war in Iran is not deterring oil companies from investing in the Middle East.
They are looking past the destruction and setting their sights on the region's vast reserves.