Merryn Talks Money

Losing money is the price of making money

Tom Slater, co-manager of the UK’s most popular investment trust, Scottish Mortgage, joins this week's episode of Merryn Talks Money. Shares in the trust are down 40% year-to-date. What went wrong? Maybe nothing, says Slater. If you want to get real growth, you need to be prepared to pay an “unreasonable price” to get it, and then you need to be prepared for a lot of volatility before any fortunes are made. Plus, senior reporter John Stepek is back -- this time to talk about the British property market.  Sign up for John's daily newsletter Money Distilled: <a data-destination="rte:bind" href="https://www.bloomberg.com/account/newsletters/uk-wealth">https://www.bloomberg.com/account/newsletters/uk-wealth</a> See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.

Merryn Talks Money with Bloomberg senior columnist Merryn Somerset Webb is your key to understanding how markets work – and how you can make them work for you. Every episode features a relaxed but in-depth conversation with a fund manager, a strategist, a Bloomberg expert or just someone Merryn finds particularly interesting in any given week. Listen in for the kind of insights and explanations everyone can use to help them make better saving and investing choices.