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 23rd.
This is your FT News Briefing.
Global stocks are ending the week on a deeply sour note,
and Brazil gears up for the final round of its presidential election.
Plus, Trump's ambassador to the UN is prepared for the Iran war to continue for a while.
I'm Mark Filippino, and here's the news you need to start your day.
There is a very specific word that comes to mind to describe what happened in markets on Thursday,
but we are a family show here at the FT News Briefing, so I will just say that it was bad.
Very, very bad.