Gillian Tett

So to me, that's one message.

And another one is that you need not too much risk taking.

Otherwise, you can really blow up.

but also not being too risk-averse because otherwise you just do nothing.

So finding that sweet spot between taking on just enough risk to make some returns but not be so full of arrogance and risk-taking that you end up speculating crazily like Winston Churchill, that's the elusive sweet spot people need to try and find.

And don't succumb to FOMO.

And thank you also, Toby.

And I'm never going to think about John Benedict Haynes or Isaac Newton or Turner in the same way again.

But that's it for this week's episode of The Story of Money.

I'm Gillian Tett.

And we'll see you next week.

So they say that money runs the world.

From wildcat banks on the American frontier.

History, but especially financial history, has an uncanny way of repeating itself.

Hosted by me, Gillian Tett.

Each week, we go back in time.

Because whether it's artificial intelligence bubbles or the next big market crash... Chances are it's all happened before.

So follow the story of money from the Financial Times, launching April the 22nd, new episodes every week, wherever you get your podcasts.

Yes, after just 45 days in office, Liz Truss became Britain's shortest-serving Prime Minister, forced out by her own party colleagues because she'd misjudged not just Britain's creditworthiness, but also the power of the bond markets to effectively determine the country's economic fate.

The critical problem right now stalking much of the Western world has been an explosion in debt relative to GDP.