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 Tuesday, October 6th, and this is your FT News Briefing.
Corporate America is wrestling with higher borrowing costs,
and investors seem happy with where Brazil's presidential election is heading.
Plus, insurers are trying to figure out who is on the hook when AI goes haywire.
I'm Mark Filipino, and here's the news you need to start your day.
Corporate America is feeling the effects of the bond sell-off.
As U.S. Treasury yields rise, some companies are being forced to rethink their borrowing plans.
Fields stay this high, investors say we might start seeing some more defaults.
The FT's Kate Duguid is following this corporate crunch.