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Hard Lessons

Morgan Stanley 7 Episodes Jun 18, 2026

A new series where iconic investors reveal the critical moments that have shaped who they are today.

Episodes

Bonus: I Say Economy, You Say…with Stan Druckenmiller Jun 18, 2026 00:11:35 Morgan Stanley’s Iliana Bouzali takes Stan Druckenmiller through a fast-paced word association game that reveals his off-the-cuff observations about the U.S. economy, crypto, humanoid robots, and the future of the dollar. Watch the full episode and save the Hard Lessons playlist for more pivotal choices from iconic investors. This episode was recorded on Jan. 30, 2026.The preceding conten

Rick Rieder: The Market Doesn’t Care If You’re Right Apr 9, 2026 00:24:31 BlackRock’s CIO of Global Fixed Income shares what he learned about investment sizing, liquidity and discipline by investing in breakthrough technologies and managing painful losses. He explains what drives long-term returns and why it’s critical to seek views outside the consensus.The preceding content was informational only and is not an offer nor a solicitation to&n

Stan Druckenmiller: Invest, Then Investigate Feb 27, 2026 00:35:45 Legendary macro investor Stan Druckenmiller sits down with Iliana Bouzali, Global Head of Derivatives Distribution and Structuring at Morgan Stanley, to reflect on his early career and how he learned to act decisively and change course quickly when the facts on the ground shift. Druckenmiller, who currently manages his own capital at Duquesne Family Office, shares how he would constr

Lauren Hochfelder: Predict How People Will Live Tomorrow Feb 19, 2026 00:24:39 In this episode of Morgan Stanley’s Hard Lessons, Lauren Hochfelder, Global Head of Real Assets at Morgan Stanley, speaks with Chief Client Officer Mandell Crawley about her out-of-consensus calls and the lessons learned from those transformative convictions. Tune in to hear her revisit an industrial real estate call that got ahead of e-commerce trends, and an investment that led to a har

Jean Hynes: Dig Deep and Hold Your Position Feb 12, 2026 00:22:19 Wellington Management CEO Jean Hynes joins Amy Ellis, Morgan Stanley’s Global Head of Senior Relationship Management, for a candid look at the pivotal investment calls that defined Jean’s career as an analyst and portfolio manager in biotech. One of those calls delivered outsized long‑term value, and while the other that tested her conviction when the stock fell 90% overnight. From n

Jon Gray: Stay Calm, Stay Positive, Never Give Up Feb 3, 2026 00:22:14 In the first episode of Morgan Stanley’s new Hard Lessons series featuring iconic investors, Blackstone President and Chief Operating Officer Jon Gray sits down with Morgan Stanley Co‑President Dan Simkowitz to unpack two out‑of‑consensus calls that shaped his perspective. Gray takes viewers behind the scenes on Blackstone’s decision to buy Hilton Hotels, sharing how his conviction in the

Introducing Hard Lessons Jan 29, 2026 00:01:17 Iconic investors sit down with Morgan Stanley leaders to go behind the scenes on the critical moments – both successes and setbacks – that shaped who they are today.  See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Hard Lessons

Episodes

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