116: Investing Lessons from 40+ Years at the FT & Bloomberg - With John Authers, Senior Markets Editor at Bloomberg
Money Maze Podcast
Money Maze Podcast
4.8 • 216 Ratings
🗓️ 19 October 2023
⏱️ 60 minutes
🧾️ Download transcript
Summary
He is responsible for ‘Points of Return’, the highly regarded and followed commentary, and has the unusual appeal of a career spanning geographies, asset classes and employers.
John recaps on his investing lessons from years of writing ‘The Long View’ at the FT, Lex, and being a correspondent across industries. He highlights some key investing takeaways, including diversification, fee minimisation, patience and avoiding home country bias.
He also discusses the evolution of the 60/40 portfolio, lessons from Swensen, and reflects on his doubts about some of the private assets euphoria.
In addition, John explains how he and his team approach the topics they want to research and cover, how he prioritises the news which matters, assessing mistakes, and staying relevant in a fast-evolving industry.
Finally, he also covers corporate culture, whether the City of London is losing out to New York, and reflects on lessons from one or two of the great investors.
The Money Maze Podcast is kindly sponsored by Schroders, Bremont Watches and LiveTrade.
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Transcript
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| 0:00.0 | I have probably over the course of my career been too bearish. |
| 0:03.2 | I don't necessarily mind that too much in that there are plenty of people out there talking |
| 0:07.9 | to my readers who have an incentive to be too bullish. |
| 0:11.8 | But I do think perhaps I should have a health warning at the end of column saying, |
| 0:16.8 | remember it's always risky to be out of the market. |
| 0:24.9 | You should be in stocks most of the time. |
| 0:31.3 | Welcome to the Money Maze podcast. I'm Simon Brewer and Will Campion and I have created this show to explore and unravel some of the mysteries surrounding the investment business. You can keep up to |
| 0:36.5 | date by visiting MoneyMayspodcast.com and please sign up to our newsletter to ensure you won't miss a release. |
| 0:43.2 | If you enjoy this show, please subscribe and we'd love you to tell a friend or colleague about it. |
| 0:48.2 | Thank you for listening. |
| 0:50.0 | If I said that in today's conversation, our guest is a classical singer who has performed in Carnegie Hall and in choirs for singers such as Cecilia Bartoli and Luciana Pavarotti, you might think that's a change of tune for the Moneybase podcast. |
| 1:05.0 | If I said that he is a British financial commentator and author who spent almost three decades reporting at the Financial |
| 1:11.9 | Times, including being global head of the Lex column, before moving to Bloomberg's senior |
| 1:16.9 | markets editor and overseeing points of opinion, a highly regarded and consumed piece of daily |
| 1:22.9 | research, you might know I'm talking to John authors. So John, welcome to the Money Based Podcast. |
| 1:28.7 | Thank you very much for that very kind introduction. I'm very glad to be here. |
| 1:32.0 | I've followed you. I've read you for as many years as I can count or recall. You've actually |
| 1:37.4 | been a centrepiece of lots of people in the markets for such a long time. The word iconic might |
| 1:43.1 | be overused, but you've been with us |
| 1:45.0 | on the journey as we try and make sense of some stuff we're going to discuss today. But very serious |
| 1:51.0 | question. When you were at Oxford, I read that you were captain of your college university challenge team |
| 1:57.5 | that earned the record for the highest score in any round of the competition |
... |
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