FT News Briefing
Introducing The Story of Money: They are history’s geniuses. But were they any good at investing?
Yep, because if there's one thing that finance has taught us, it's that people keep making the same silly mistakes.
FT News Briefing
Introducing The Story of Money: They are history’s geniuses. But were they any good at investing?
And these days we might use Bloomberg terminals, spreadsheets and special purpose vehicles, but you can get into just as much hilarious trouble with a simple abacus.
FT News Briefing
Introducing The Story of Money: They are history’s geniuses. But were they any good at investing?
And I'm Robin Wigglesworth.
FT News Briefing
Introducing The Story of Money: They are history’s geniuses. But were they any good at investing?
I'm also an FT journalist.
FT News Briefing
Introducing The Story of Money: They are history’s geniuses. But were they any good at investing?
I'm editor of our finance blog, Alphaville, and someone who has spent far too long staring lovingly at charts.
FT News Briefing
Introducing The Story of Money: They are history’s geniuses. But were they any good at investing?
Yeah, I mean, this is going to be a finance podcast for history geeks and a history podcast for finance geeks.
FT News Briefing
Introducing The Story of Money: They are history’s geniuses. But were they any good at investing?
Well, if you're sadly neither of those two, we're going to try to make you one.
FT News Briefing
Introducing The Story of Money: They are history’s geniuses. But were they any good at investing?
Today on The Story of Money, do people who have off-the-charts IQ, an artistic flair to die for, or generational political skills make good investors?
FT News Briefing
Introducing The Story of Money: They are history’s geniuses. But were they any good at investing?
In other words, does brilliance really mean higher returns?
FT News Briefing
Introducing The Story of Money: They are history’s geniuses. But were they any good at investing?
Well, there's only one way to find out, right?
FT News Briefing
Introducing The Story of Money: They are history’s geniuses. But were they any good at investing?
Well, actually, look, realistically, there's probably lots of ways to find out.
FT News Briefing
Introducing The Story of Money: They are history’s geniuses. But were they any good at investing?
But this is a finance history podcast, so we're going to trawl through the portfolios of some of history's most talented people, from Winston Churchill to Sir Isaac Newton to even the painted J.M.W.
FT News Briefing
Introducing The Story of Money: They are history’s geniuses. But were they any good at investing?
Turner.
FT News Briefing
Introducing The Story of Money: They are history’s geniuses. But were they any good at investing?
Yes, I hope we'll have slightly better records in the future.
FT News Briefing
Introducing The Story of Money: They are history’s geniuses. But were they any good at investing?
We also handily have with us today someone who actually has gone through the portfolios and the investment returns of some of these great men.
FT News Briefing
Introducing The Story of Money: They are history’s geniuses. But were they any good at investing?
Toby Nangle, a reporter for FT Alphaville, a colleague of mine.
FT News Briefing
Introducing The Story of Money: They are history’s geniuses. But were they any good at investing?
And Toby, fantastic to have you here today.
FT News Briefing
Introducing The Story of Money: They are history’s geniuses. But were they any good at investing?
On Alphaville, I think boss and underling are very technical terms for various anarchic realities.
FT News Briefing
Introducing The Story of Money: They are history’s geniuses. But were they any good at investing?
And me, Robin Wigglesworth.
FT News Briefing
Introducing The Story of Money: They are history’s geniuses. But were they any good at investing?
Okay, so let's start with the ultimate brainiac, arguably, Sir Isaac Newton.