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, September 17th, and this is your FT News Briefing.
U.S. Interest rates are going up, and the EU wants to stop a flood of hybrid cars made in China.
Plus, we look at how artificial intelligence is changing warfare.
I'm Sonia Hudson, in for Mark Filipino, and here's the news you need to start your day.
Reserve raised interest rates by a quarter point yesterday for the first time since 2023. At a press conference
after the unanimous decision, Fed Chair Kevin Wurst said that inflation has been above target for too long.
Today's policy action will support a timelier return to the committee's 2% goal.
This committee will deliver price stability.
Warsh was up against more than just sticky inflation heading into this meeting.