In this week's edition of the Weekly Investment Trust Podcast, Jonathan Davis, editor of the Investment Trusts Handbook, continues his conversation with Russell Napier, chairman of Mid Wynd International Investment Trust (MWY). Listeners can find the first half of this discussion in the podcast released on 27 May 2023. Jonathan then talks to Janette Rutterford, emeritus professor of finance at the Open University, to talk about lessons that can be learnt from the history of investment trusts. Jonathan remains on holiday this week, but Stuart Watson returns to provide the summary of the week's announcements and results. Next week's podcast will be released later than usual, on Tuesday 20 June 2023, after which the normal Saturday schedule will return. Section Timestamps: 00:29 - Coming up this week 01:44 - News and announcements with Stuart Watson 02:45 - Summary of the week's results 10:42 - Money Makers Circle 11:14 - Q&A with Russell Napier (Part 2) 15:16 - Commercial and residential property 17:52 - Thoughts on the investment trusts sector 24:50 - Recommended literature 27:52 - The Library of Mistakes 29:10 - Q&A with Janette Rutterford 29:41 - The Baring Crisis of 1890 35:36 - The 1920s 41:17 - The 1990s and the Split Capital Crisis 46:23 - Split capital trusts 47:29 - Lessons for investors 49:33 - Knowledgeable investing 52:54 - Close Trusts mentioned this week (with tickers): Worldwide Healthcare Trust (WWH), Fidelity China Special Situations (FCSS), STS Global Income and Growth (STS), LXi REIT (LXI), Warehouse REIT (WHR), JZ Capital Partners (JZCP), JPMorgan European Growth and Income (JEGI), Abrdn Japan (AJIT), Schroder Real Estate (SREI), BlackRock Frontiers (BRFI), Edinburgh Worldwide (EWI), JPMorgan Indian (JII), Barings Emerging EMEA Opportunities (BEMO), Abrdn Diversified Income and Growth (ADIG), Residential Secure Income (RESI). If you enjoy the weekly podcast, you may also find value in joining The Money Makers circle. This is a membership scheme that offers listeners to the podcast an opportunity, in return for a modest monthly or annual subscription, to receive additional premium content, including interviews, performance data, market/portfolio reviews and regular extracts from the editor's notebook. This week, as well as the regular features, features a profile of HydrogenOne Capital Growth (HGEN). Next week's profile will be of Pacific Horizon (PHI). For more information about the Money Makers circle, please visit money-makers.co/membership-join. Membership helps to cover the cost of producing the weekly investment trust podcast, which will continue to be free. We are very grateful for your continued support and the enthusiastic response to our over 160 podcasts since launch. You can find more information, including relevant disclosures, at www.money-makers.co. Please note that this podcast is provided for educational purposes only and nothing you hear should be considered as investment advice. Our podcasts are also available on the Association of Investment Companies website, www.theaic.co.uk. Produced by Ben Gamblin.