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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
Zetia
Multiple Sclerosis
Biotechnology
Merck
Earnings Quality
Investment Strategy
Industrial Real Estate
Senior Housing

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

PublishesWeeklyEpisodes8Founded6 months ago
Number of ListenersCategories
InvestingBusiness

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Artwork for Hard Lessons

Latest Episodes

The EQT Group Chair joined Mo Assomull, Morgan Stanley Global Co-Head of Investment Banking, to discuss his journey from managing a small Asia fund to leading one of the world’s largest global private markets firms that today spans the U.S., Europe a... more

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 s... more

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 ... more

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 t... more

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Recent Guests

Stan Druckenmiller
Legendary macro investor
Duquesne Capital (investing firm)
Episode: Bonus: I Say Economy, You Say…with Stan Druckenmiller
Rick Rieder
Chief Investment Officer of Global Fixed Income and head of the Global Allocation Investment Team at BlackRock
BlackRock
Episode: Rick Rieder: The Market Doesn’t Care If You’re Right
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

Host

Iliana Bouzali
Global head of derivatives, distribution and structuring at Morgan Stanley; frequent interview host.

Chart Rankings

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

Apple Podcasts
#198
United States/Business/Investing
Apple Podcasts
#143
United Kingdom/Business/Investing
Apple Podcasts
#87
France/Business/Investing
Apple Podcasts
#7
Saudi Arabia/Business/Investing
Apple Podcasts
#36
Hong Kong/Business/Investing
Apple Podcasts
#50
Argentina/Business/Investing
Apple Podcasts
#69
Singapore/Business/Investing
Apple Podcasts
#69
Belgium/Business/Investing
Apple Podcasts
#71
Saudi Arabia/Business
Apple Podcasts
#75
South Korea/Business/Investing
Apple Podcasts
#77
South Africa/Business/Investing
Apple Podcasts
#106
Hong Kong/Business
Apple Podcasts
#132
Mexico/Business/Investing
Apple Podcasts
#151
Japan/Business/Investing
Apple Podcasts
#187
Singapore/Business
Apple Podcasts
#192
Denmark/Business/Investing
Apple Podcasts
#200
Chile/Business/Investing
Apple Podcasts
#203
Brazil/Business/Investing
Apple Podcasts
#226
Argentina/Business
Apple Podcasts
#228
South Africa/Business
Apple Podcasts
#228
New Zealand/Business/Investing
Apple Podcasts
#229
Finland/Business/Investing
Apple Podcasts
#229
Israel/Business/Investing
Apple Podcasts
#231
India/Business/Investing
Apple Podcasts
#234
Poland/Business/Investing
Apple Podcasts
#244
Belgium/Business
Apple Podcasts
#250
Norway/Business/Investing

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

Listeners, social reach, demographics and more for this podcast.

Listeners per Episode
Gender Skew
Location
Interests
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Age Range
Household Income
Social Media Reach

Frequently Asked Questions About Hard Lessons

What is Hard Lessons about and what kind of topics does it cover?

This series features iconic investors sharing the critical moments that shaped their careers, with a focus on practical decision-making, risk management, and macro-to-micro insights. Episodes often pair heavy-hitting macro views with personal stories, covering topics like market cycles, asset allocation, technology's impact on investing, and real-world lessons from crises and regime shifts. A notable strength is the blend of high-profile financiers with a branded lens that highlights thought leadership from major financial institutions, while keeping conversations actionable for listeners hoping to apply big-picture thinking to their own investing or business strategies.

Where can I find podcast stats for Hard Lessons?

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How many listeners does Hard Lessons get?

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What are the audience demographics for Hard Lessons?

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How many subscribers and views does Hard Lessons have?

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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
2. Capital Allocators – Inside the Institutional Investment Industry
3. The Markets
4. Exchanges
5. Value Investing with Legends

How many episodes of Hard Lessons are there?

Hard Lessons launched 6 months ago and published 8 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

How do I contact Hard Lessons?

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What guests have appeared on Hard Lessons?

Recent guests on Hard Lessons include:

1. Stan Druckenmiller
2. Rick Rieder
3. Dan Simkowitz
4. Christine Anderson

To view more recent guests and their details, simply upgrade your Rephonic account. You'll also get access to a typical guest profile to help you decide if the show is worth pitching.

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