2026-09-01
11 分钟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 Tuesday, September 1st, and this is your FT News Briefing.
Wall Street isn't happy about big laws, big fees, and Donald Trump's oil deal with Venezuela faces a lot of hurdles.
Plus, why doesn't London's underground have full mobile coverage yet?
I'm Sonia Hudson in for Mark Filipino, and here's the news you need to start your day.
Wall Street banks are pushing big law firms to cut their fees.
Why?
Well, you guessed it, AI.
The banks are some of big law's most important clients,
and they argue that the decades-old economic model isn't sustainable in an era of artificial intelligence.