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GUEST BIO:
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.
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Full podcast episode: https://www.youtube.com/watch?v=PgGKhsWhUu8
Lex Fridman podcast channel: https://www.youtube.com/lexfridman
Guest bio: 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.
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Remember GameStop? Still in business. Big money wants you to forget that 1 time normal people broke the stock market. Remember GameStop. Itās not over yet.
this guy ia a hack
Reallyā¦ Ackman Lex? You could of chosen Jim Simons, Cohen, Mercer, David Tepper and many others that are more respected than Bill Hackman!
Bernard Madoff had an excellent hedge fund too, for its time
I'll take the diligent, humble, and data-based approach of Renaissance Technologies over this blue-blood show pony and his sand box made of other people's money.
šš Lex is running out of guests. Scraped the barrel and found dog shit.
Should talk about how he spearheaded the resignation of Harvard's Dean Gayyyyyy
Get Jim Simmons on here
Itās Renaissance Technologyā¦.Ackman isnāt even close. I admire his knowledge and ethics but in sheer performance itās RT by a mile.
Lex Lex Lex – Invite Howard Marks or Jim Simmons.
The comments in this chat make no sense at all. People comparing bill to simons, what the heck. They are completely opposite, one goes only long with equity, the other makes macro-arbitrage-leveraged decisions. I bet that if simons had to rely only long equity, he would lose by a great margin to people like lynch, Buffett and ackman
Not surprised Lex would have a financial terrorist on his podcast. Dude went on television during Covid and cried, begging the government to crash the economy so he could profit on it. Lex is disgusting for giving financial terrorists a platform.
People decry malls and strip malls culturally as the downfall of America, but celebrate them when it comes to financial investing. The disconnect is disgusting.
RC ventures
Ackman is brilliant
Epic numbers but 32mil >>> 100+ billion is the biggest Iām aware of (it def requires a calculator to gauge the roi)
But peak at Nasperās investment in Tencent every 12-18 months to remind myself of whatās possibleā¦..and every time I look at that swing Iām surprised by the gains in that I always remember it being HUGEā¦but when I revisit it itās somehow bigger than I recall
Obviously those are rare conditions but still
Douchebag trying hard to come across as likable
Certain equities normally rise around this time of year, but that is unlikely given the present recession and economic environment. I have a lot of stocks with the hopes of making money this month, but I'm not sure if I should retain them or sell them. i'm currently sitting on $500k inheritance and wondering the best assets than stock to invest right now, and the outlook for investors in 2024 does not look promising.
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Jordan Belfort used this exact story in a sales pitch once, probably
Do the homework right, you will find companies like general growth. Those companies are mismanaged and abused, only need a smart one to fix the problems, back to the game again. By the way you do not even need MBA from Harvard at all, e.g. Steve Jobs.
While Ackman's maneuver saved jobs and the company, it also raises questions about the morality of exploiting financial crises for gain. Such scenarios beg the question: Where should we draw the line between savvy investment and opportunistic exploitation? Ackman's success story, while impressive, prompts a necessary dialogue on the broader implications of hedge fund strategies on economies and societies.
I work at a hedge fund so Iām an āinsiderā in the industry. It is incredibly impressive that Lex doesnāt have a finance background but knows the EXACT right questions to ask. Such a great interview
How did Valeant go? š¤”
Lex you gotta get a meme stock guy on here with a well established person working at one of these big banks/ hedgefunds whatever like Bill. The internet wants it.
Can you interview Paul Tudor Jones next?
Def made up the story of Jamaican guy lol makes no sense
When Richard Heart episode?
Sound like bbby
billä¹čäŗ äøčæčæęÆå¾åø ē
It is interesting to compare Bill's read of DEI (and its variants) with Mark Cuban's from a few weeks ago. The thumbnail alone show a wildly opposite understanding of the DEI. Ackman going to Ackman though and by that I mean he game theories like all Wall Streeters. Damned if we trust or damned if we distrust. š
ask him about his wife's academic record ą² _ą²