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Artwork for Hard Lessons

Hard Lessons

Morgan Stanley
Real Estate
Pharmaceutical Industry
E-Commerce
Hilton Hotels
Blackstone
Claritine
Morgan Stanley
Dot-Com Bubble
Digital Infrastructure
Energy Infrastructure
Life Sciences
Autonomous Vehicles
Investment Strategy
Zetia
Multiple Sclerosis
Biotechnology
Merck
Earnings Quality
Industrial Real Estate
Senior Housing

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

PublishesWeeklyEpisodes4Foundeda month ago
Number of ListenersCategories
InvestingBusiness

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Artwork for Hard Lessons

Latest Episodes

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 con... more

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 ... more

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 ... more

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.

Key Facts

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Recent Guests

Dan Simkowitz
Co-president of Morgan Stanley
Morgan Stanley
Episode: Jon Gray: Stay Calm, Stay Positive, Never Give Up
Christine Anderson
Head of Corporate Affairs
Blackstone
Episode: Jon Gray: Stay Calm, Stay Positive, Never Give Up

Chart Rankings

How this podcast ranks in the Apple Podcasts, Spotify and YouTube charts.

Apple Podcasts
#73
United States/Business/Investing
Apple Podcasts
#235
United States/Business
Apple Podcasts
#62
United Kingdom/Business/Investing
Apple Podcasts
#191
United Kingdom/Business
Apple Podcasts
#237
Canada/Business/Investing
Apple Podcasts
#119
Italy/Business/Investing
Apple Podcasts
#122
Australia/Business/Investing
Apple Podcasts
#167
Germany/Business/Investing
Apple Podcasts
#174
France/Business/Investing
Apple Podcasts
#173
Singapore/Top Podcasts
Apple Podcasts
#18
Hong Kong/Business/Investing
Apple Podcasts
#20
Singapore/Business/Investing
Apple Podcasts
#33
Japan/Business/Investing
Apple Podcasts
#33
Denmark/Business/Investing
Apple Podcasts
#41
Poland/Business/Investing
Apple Podcasts
#51
South Korea/Business/Investing
Apple Podcasts
#53
Hong Kong/Business
Apple Podcasts
#53
Brazil/Business/Investing
Apple Podcasts
#55
Singapore/Business
Apple Podcasts
#60
Switzerland/Business/Investing
Apple Podcasts
#61
South Africa/Business/Investing
Apple Podcasts
#63
Argentina/Business/Investing
Apple Podcasts
#74
Saudi Arabia/Business/Investing
Apple Podcasts
#75
India/Business/Investing
Apple Podcasts
#77
Ireland/Business/Investing
Apple Podcasts
#90
Israel/Business/Investing
Apple Podcasts
#93
Norway/Business/Investing
Apple Podcasts
#112
Colombia/Business/Investing
Apple Podcasts
#132
Philippines/Business/Investing
Apple Podcasts
#135
Denmark/Business
Apple Podcasts
#153
South Korea/Business
Apple Podcasts
#160
Mexico/Business/Investing
Apple Podcasts
#160
Japan/Business
Apple Podcasts
#161
Austria/Business/Investing
Apple Podcasts
#171
Switzerland/Business
Apple Podcasts
#177
Poland/Business
Apple Podcasts
#184
Belgium/Business/Investing
Apple Podcasts
#186
Argentina/Business
Apple Podcasts
#186
United Arab Emirates/Business/Investing
Apple Podcasts
#200
Netherlands/Business/Investing
Apple Podcasts
#223
Taiwan/Business/Investing
Apple Podcasts
#226
Finland/Business/Investing
Apple Podcasts
#230
Spain/Business/Investing
Apple Podcasts
#236
Sweden/Business/Investing
Apple Podcasts
#247
Brazil/Business
Apple Podcasts
#248
Ireland/Business

Talking Points

Recent interactions between the hosts and their guests.

Jean Hynes: Dig Deep and Hold Your Position
Q: What did you learn when Elon opened up down 90%?
Jean emphasized the importance of understanding all potential risks and the financial implications in the pharmaceutical sector when faced with high-risk investments.
Jean Hynes: Dig Deep and Hold Your Position
Q: Can you set the stage now for us on a bet that you made and how it worked out for you?
Jean shares her investment story regarding Claritin and its patent expiration, as well as her belief in Zetia's potential as a complementary treatment for patients who couldn't tolerate higher doses of their statin medications.
Lauren Hochfelder: Predict How People Will Live Tomorrow
Q: What is the hardest lesson you've ever learned?
The hardest lessons involve understanding the interplay between human nature and investing, including the importance of organizational structure and aligning incentives.
Jon Gray: Stay Calm, Stay Positive, Never Give Up
Q: What is the hardest career lesson you've faced?
The loss of a colleague during a mass shooting, highlighting the importance of supporting each other in times of personal and emotional crisis.
Jon Gray: Stay Calm, Stay Positive, Never Give Up
Q: Was there a key lesson from your Hilton investment?
Don't put too much leverage on a great business so you can sustain and survive market downturns.

Audience Metrics

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Frequently Asked Questions About Hard Lessons

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Which podcasts are similar to Hard Lessons?

These podcasts share a similar audience with Hard Lessons:

1. Thoughts on the Market
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3. Making Sense
4. The Markets
5. The Credit Edge by Bloomberg Intelligence

How many episodes of Hard Lessons are there?

Hard Lessons launched a month ago and published 4 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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Recent guests on Hard Lessons include:

1. Dan Simkowitz
2. Christine Anderson

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