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Bill Ackman: Investing, Financial Battles, Harvard, DEI, X & Free Speech | Lex Fridman Podcast #413

2024-02-20 Science & Technology
2.5m
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Lex Fridman
Lex Fridman
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Description

Bill Ackman is an investor who has led some of the biggest and controversial financial trades in history. He is founder and CEO of Pershing Square Capital Management. Please support this podcast by checking out our sponsors: - LMNT: https://drinkLMNT.com/lex to get free sample pack - Policygenius: https://policygenius.com/lex - AG1: https://drinkag1.com/lex to get 1 month supply of fish oil - Eight Sleep: https://eightsleep.com/lex to get special savings - BetterHelp: https://betterhelp.com/lex to get 10% off TRANSCRIPT: https://lexfridman.com/bill-ackman-transcript EPISODE LINKS: Bill's X: https://twitter.com/BillAckman Pershing Square Holdings: https://pershingsquareholdings.com/ Pershing Square Foundation: https://pershingsquarefoundation.org Neri Oxman conversation: https://www.youtube.com/watch?v=XbPHojL_61U Books mentioned: The Intelligent Investor: https://amzn.to/3ONnaZy America's Cultural Revolution: https://amzn.to/3SDz1dY PODCAST INFO: Podcast website: https://lexfridman.com/podcast Apple Podcasts: https://apple.co/2lwqZIr Spotify: https://spoti.fi/2nEwCF8 RSS: https://lexfridman.com/feed/podcast/ Full episodes playlist: https://www.youtube.com/playlist?list=PLrAXtmErZgOdP_8GztsuKi9nrraNbKKp4 Clips playlist: https://www.youtube.com/playlist?list=PLrAXtmErZgOeciFP3CBCIEElOJeitOr41 OUTLINE: 0:00 - Introduction 0:47 - Investing basics 5:39 - Investing in music 14:00 - Process of researching companies 18:39 - Investing in restaurants 24:08 - Investing in Google 29:50 - AI 35:05 - Warren Buffet 37:14 - Psychology of investing 46:45 - Activist investing 56:33 - General Growth Properties 1:12:49 - Canadian Pacific Railway 1:20:13 - OpenAI 1:24:24 - Biggest loss and lowest point 1:39:13 - Herbalife and Carl Icahn 1:56:03 - Oct 7 2:02:34 - College campus protests 2:21:01 - DEI in universities 2:41:52 - Neri Oxman 3:07:22 - X and free speech 3:11:46 - Trump 3:19:22 - Dean Phillips 3:26:28 - Future SOCIAL: - Twitter: https://twitter.com/lexfridman - LinkedIn: https://www.linkedin.com/in/lexfridman - Facebook: https://www.facebook.com/lexfridman - Instagram: https://www.instagram.com/lexfridman - Medium: https://medium.com/@lexfridman - Reddit: https://reddit.com/r/lexfridman - Support on Patreon: https://www.patreon.com/lexfridman

Top Comments (10)

@IvanIvanov_1099 2024-02-21

Lex, can you invite Mr Buffet to your podcast? I think a lot of people will appreciate it

1.6k 48 replies
@0xBenjamin 2024-02-21

This was a great interview. I never knew this side of Bill. Lex, interviewing more juggernauts in the financial world would be awesome!

1.1k 20 replies
@Nityavidyardhi 2024-02-20

we need Ilya Sutskever , Andrej Karpathy and Andrew NG back with latest developments!!

1.0k 20 replies
@乂 2024-02-20

Lex has the most interesting podcast on YouTube hands down

680 17 replies
@themauiwaui 2024-02-24

Out of all the pearls of wisdom in this chat, "nutrition, sleep, exercise, a little progress every day, and a walk with a friend every night" might be the best of them. A good recipe for happiness. 1:38:04

637 8 replies
@Slaxsvo 2024-02-21

Please interview more financial figures! Loved this, and have been following Ackman for a long time

330 4 replies
@lexfridman 2024-02-20

Here are the timestamps. Please check out our sponsors to support this podcast. 0:00 - Introduction & sponsor mentions: - LMNT: https://drinkLMNT.com/lex to get free sample pack - Policygenius: https://policygenius.com/lex - AG1: https://drinkag1.com/lex to get 1 month supply of fish oil - Eight Sleep: https://eightsleep.com/lex to get special savings - BetterHelp: https://betterhelp.com/lex to get 10% off 0:47 - Investing basics 5:39 - Investing in music 14:00 - Process of researching companies 18:39 - Investing in restaurants 24:08 - Investing in Google 29:50 - AI 35:05 - Warren Buffet 37:14 - Psychology of investing 46:45 - Activist investing 56:33 - General Growth Properties 1:12:49 - Canadian Pacific Railway 1:20:13 - OpenAI 1:24:24 - Biggest loss and lowest point 1:39:13 - Herbalife and Carl Icahn 1:56:03 - Oct 7 2:02:34 - College campus protests 2:21:01 - DEI in universities 2:41:52 - Neri Oxman 3:07:22 - X and free speech 3:11:46 - Trump 3:19:22 - Dean Phillips 3:26:28 - Future

262 32 replies
@revtheory 2024-02-26

I just want to comment, the interview was fantastic, but I also want to credit Lex and his team for the quality of sound. I have had hearing issues over the past 4 years, hyper sensitive to the poor sound, that is all over this new internet form of media and information, a lot of times the sound is overlooked, you just accept it. But when it's dialed in, it is such a treat. And every time I listen I am so pleased in the interviews but also the great Sound!

121 1 replies
@Vizion512 2024-04-26

Bill Ackman is 1 of 1. No Billionaire kicks it how he kicks it with sharing valuable information, and giving insight to private investing/equity.

77 3 replies
@estudioaurora 2024-03-08

I’ve become wiser from this conversation. Thank you both.

24

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