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, September 18th, and this is your FT News Briefing.
Venezuela is close to a golden deal, and we look at Reform UK's controversial donations.
Plus, a SoftBank data center company is under pressure because OpenAI has delayed its IPO.
I'm Sonia Hudson in for Mark Filipino, and here's the news you need to start your day.
The Venezuelan government and the opposition are close to an agreement about the country's gold reserves.
It would end a seven-year-long dispute over who controls the resource.
And it would be one of the first concrete results from a U.S.-backed negotiation process.
The deal would transfer $4 billion of gold stored in the Bank of England to the Federal Reserve in New York.
The agreement would allow the government to gain legal control over the reserves,