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 Friday, October 16th, and this is your FT News Briefing.
The UK might implement a new bank tax, and chip stocks had a week that investors probably want to forget.
Plus, the FT's chief economics commentator, Martin Wolf, shares his thoughts on America, the midterms, and democracy.
I'm Mark Filippino, and here's the news you need to start your day.
We're getting more and more hints that UK banks could get hit with higher taxes.
Chancellor John Healy said at the IMF meetings on Thursday that he had some decisions
to make in regards to the UK's financial services sector.
This comes after a report in The Guardian said Healy is poised to implement higher taxes on banks.
The Treasury, though, declined to comment on that.