Unhedged: An ode to stock picking

无担保:股票选择的颂歌

FT News Briefing

2026-10-03

20 分钟
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We're bringing you a recent episode from our fellow FT podcast, Unhedged. Over the summer, the FT held a revamped version of its stock picking game – think fantasy football for the global equity markets. Some 13,000 people took part – a shocking number considering how unfashionable active fund management has become in the real world. Katie Martin and Rob Armstrong invite their FT Money colleague Nathan Brooker, who runs the competition, to discuss the psychology of stock picking, and whether it has a future in real life. Plus, Nathan shorts holiday spoilers, Katie shorts pesky kids, and Rob throws active investors some love. The FT’s next stock picking game launches on Monday October 5. Entry is free to all FT subscribers aged 18 or over. Registrations will remain open for a number of weeks after the launch date. To participate, go to: https://stockpickinggame.ft.com For a free 30-day trial to the Unhedged newsletter go to: https://www.ft.com/unhedgedoffer. You can email Robert Armstrong and Katie Martin at unhedged@ft.com. Hosted on Acast. See acast.com/privacy for more information.
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  • 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.

  • Hey guys, it's Mark.

  • If you're wondering why we've slipped this bonus episode into your podcast feed, well, here's the thing.

  • The FT runs a regular stock picking competition.

  • It's open to all FT subscribers above the age of 18. You gotta be an adult.

  • And over a number of weeks, you can find out how good you are at predicting

  • which company share prices will perform best.

  • It's a bit like fantasy football, but for the stock market and without all the injuries.

  • The latest competition launches this Monday, October 5th.

  • And if that's piqued your interest, Keep listening, because earlier this week, my colleagues Katie Martin

  • and Rob Armstrong spoke to the man behind the competition for an episode of our sister podcast, Unhedged.