The Navigator
Judgement in the fog, money, risk and the call others cannot make.
John Authers emerges in this interview as a Navigator, someone who charts meaning through complex financial terrain using journalism as his compass rather than capital. Authers describes his career not as a quest for alpha but as a sustained effort to understand and explain, noting he thinks of himself 'more as a journalist trying to understand what's going on.
“I still think of myself more as a journalist trying to understand what's going on and explain it rather than somebody who is really fascinated by this and wants to show you how to make more money than anyone else.”
On why he chose financial journalismundated
“I have probably over the course of my career been too bearish. I do think perhaps I should have a health warning at the end of column saying, remember it's always risky to be out of the market. You should be in stocks most of the time.”
Reflecting on investing lessons and biasesundated
“Know what you own and know why you own it. I expanded that slightly to know what you know and know what you don't know. If you don't know why you are holding on to something, what are you up to?”
On portfolio discipline and Peter Lynchundated
Money Maze Podcast: “Investing Lessons from 40+ Years at the FT & Bloomberg - With John Authers, Senior Markets Editor at Bloomberg”
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