They are history’s geniuses. But were they any good at investing?
The Story of Money
22.04.2026 • 38 Min.
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. To enjoy future episodes, be sure to subscribe to The Story of Money wherever you get your podcasts, also on the show's dedicated YouTube channel here. Learn more at ft.com/tsom Want more? Read Toby’s full FT article here. Toby’s sources: On Churchill: https://www.amazon.co.uk/No-More-Champagne-Churchill-Money/dp/1784081817 On J.M.W. Turner: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5718586 On John Maynard Keynes: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2023011 https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2287262 On Einstein: https://einstein-website.de/en/what-happened-to-the-nobel-prize-money/#:~:text=By%20May%201924%2C%20Mileva%20had,visible%20result%20of%20my%20musings%E2%80%9D. On Jane Austen: https://jasna.org/publications-2/persuasions-online/vol36no1/toran/ 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 Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.