#413 – Bill Ackman: Investing, Financial Battles, Harvard, DEI, X & Free Speech
Lex Fridman Podcast
Lex Fridman
4.7 • 13K Ratings
🗓️ 20 February 2024
⏱️ 221 minutes
🧾️ Download transcript
Summary
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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:
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OUTLINE:
Here's the timestamps for the episode. On some podcast players you should be able to click the timestamp to jump to that time.
(00:00) - Introduction
(08:55) - Investing basics
(13:47) - Investing in music
(22:08) - Process of researching companies
(26:47) - Investing in restaurants
(32:16) - Investing in Google
(37:58) - AI
(43:13) - Warren Buffet
(45:22) - Psychology of investing
(54:53) - Activist investing
(1:04:41) - General Growth Properties
(1:20:57) - Canadian Pacific Railway
(1:28:21) - OpenAI
(1:32:32) - Biggest loss and lowest point
(1:47:21) - Herbalife and Carl Icahn
(2:04:11) - Oct 7
(2:10:42) - College campus protests
(2:29:09) - DEI in universities
(2:50:00) - Neri Oxman
(3:15:30) - X and free speech
(3:19:54) - Trump
(3:27:30) - Dean Phillips
(3:34:36) - Future
Transcript
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| 0:00.0 | The following is a conversation with Bill Ackman, a legendary activist investor who has been part of some of the biggest and at times controversial trades in history. |
| 0:10.0 | Also, he is fearlessly vocal on X, FCA Twitter, and uses the platform to fight for ideas he believes in. |
| 0:19.0 | For example, he was a central figure in the resignation of the president of Harvard University, |
| 0:25.2 | Claudine Gay, the saga of which we discuss in this episode. |
| 0:30.1 | And now a quick few second mention of each sponsor check them out in the description. It's the best way to support this podcast. |
| 0:37.0 | We got Element for Delicious Electrolytes, Policy Genius for Insurance, Age 1 for Overall Delicious Health, A Sleep for Naps, and Better Help for Mental Health. |
| 0:48.0 | Choose wisely, my friends. |
| 0:50.0 | Also, if you want to work with our amazing team or just want to get in touch with me, go to |
| 0:54.8 | Lex Freeman.com slash contact. |
| 0:58.8 | And now on to the full ad reads. |
| 1:00.4 | As always, no ads in the middle. |
| 1:01.9 | I try to make this interesting, but you skip them please still check out the sponsors |
| 1:06.9 | We love them. I love them. Maybe you will love them too |
| 1:11.6 | This episode is brought to you by Element, the thing I'm drinking right now, the |
| 1:15.9 | thing I drink throughout the day, all days when I travel, it is forever with me. The only flavor |
| 1:22.4 | I now acknowledge exists is watermelon salt. |
| 1:26.0 | There's many other flavors and other people say they're also delicious. |
| 1:30.0 | I don't know what they're saying. They probably don't know what they're talking about |
| 1:34.0 | because the greatest flavor of all time is watermelon salt. Do you ever just go to a thing, |
| 1:40.0 | to a very particular flavor of a thing, |
| 1:43.4 | and that becomes your thing. |
| 1:45.4 | There's never a doubt when you go to a particular restaurant |
... |
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