How Winston Churchill’s frenetic margin trading lost him a fortune | The Story of Money

How luminaries of the past managed their investment portfolios. Does scientific, artistic or political brilliance translate into investing success? It’s a topical question with hedge funds today accused of sucking talent away from the rest of the economy. So, the FT’s Gillian Tett and Robin Wigglesworth sat down with reporter Toby Nangle, who has dug into the archives to assess the investment portfolios of Isaac Newton, Charles Darwin, Winston Churchill, John Maynard Keynes and other widely regarded geniuses of the past. What Toby found may surprise you, as will the historical wildcard he’s unearthed. Want more? Read Toby’s full FT article here: https://www.ft.com/content/5d2166f5-9... Find out more at ft.com/tsom Toby’s sources: On Churchill: https://www.amazon.co.uk/No-More-Cham... On J.M.W. Turner: https://papers.ssrn.com/sol3/papers.c... On John Maynard Keynes: https://papers.ssrn.com/sol3/papers.c... https://papers.ssrn.com/sol3/papers.c... On Einstein: https://einstein-website.de/en/what-h.... On Jane Austen: https://jasna.org/publications-2/pers... Image: Sir Winston Churchill - This file is licensed under the Creative Commons Attribution 2.0 Generic license. Hosts: Gillian Tett and Robin Wigglesworth Guest: Toby Nangle Producer: Lulu Smyth Senior Producers: Michela Tindera and Laurence Knight Executive Producers: Flo Phillips and Manuela Saragosa Original music: Breen Turner Broadcast engineers: Bianca Wakeman and Petros Giuompasis Podcast Development: Laura Clarke FT Global Head of Audio: Cheryl Brumley Video editor: Josh Divney at Podcast Discovery