We examine the path of Ayatollah Ali Khamenei, once a bookish cleric underrated by everyone—including himself. He has hung on to power perhaps in part by not making decisions at crucial points. Our finance correspondent looks at the shifting wisdom on how best to manage an inheritance. And why India’s addresses are so long, complex and ultimately costly.Get a world of insights by subscribing to Economist Podcasts+. For more information about how to access Economist Podcasts+, please visit our FAQs page or watch our video explaining how to link your account. Hosted on Acast. See acast.com/privacy for more information.

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“What did the council decide on item 42?” — answered with the speaker and the moment.