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 Monday, October 12th, and this is your FT News Briefing.
The White House threatens to block arms shipments to Ukraine, and Houthi rebels hit Riyadh's international airport.
Plus, AI borrowing is slowing down.
I'm Josh Gabertweil, and here's the news you need to start your day.
Trump administration has been pushing hard to get Ukraine to stop striking Russian energy infrastructure.
We said you can do whatever you want to Russia, don't hit the refineries, because that's a world problem that's caused.
And U.S. President Donald Trump is threatening to block Ukraine from procuring American weapons in order to do so.
That's according to European officials
who either received a call from their American counterparts over the weekend or were briefed on them.