2026-10-22
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 Thursday, October 22nd, and this is your FT News Briefing.
Meta's found a new way to fund its AI projects, and a German media mogul wants TikTok.
Plus, what happens if you merge a rocket company with a car company?
A lot of these industries of the future
would be in the hands of this new SpaceX Tesla conglomerate and under Musk control.
I'm Mark Filippino, and here's the news you need to start your day.
Meta plans to create a new class of non-voting shares.
That'll allow it to fund its AI spending without diluting CEO Mark Zuckerberg's control of the company.
Zuckerberg has about 61% of Meta's votes through super voting shares.