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:
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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:
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
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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
Great podcast Lexx, can we have Jamie Dimon, Jim Donovan and David Solomon as well please?
Nice Man, though he needs a harder landing.
YOUR OPENING, EPIC SCUMBAG
Ain't no journalism, when it is opinionism for profit.
So many ads it’s ridiculous.
#413 should be labeled as Lex’s most intellectually valuable episode to date.
Get Dr. Sean Kirkpatrick?????????????? Thanks for all the great shows Lex, and team. You are awesome.
Again, very informative. To say I am amazed is an understatement. Thank you Lex Fridman and Bill Ackerman
Once you get into the indigenous treatment, modalities, which are much cheaper, and I’m going to replace the pharmaceutical industry once the insurance industry collapsed which we know it is
Entire paradise is shifting from the Agriculture to the music and the new 21 streaming platform is being established post beta tested twice satellite Wi-Fi unrated
The individual instruments that humans play uniquely and has unplanned flaws is not repilicatable
We are coming right at you! MWM
Hate to tell you Lex but the problem at these institutions is the faculty. If you and your ilk aren't out there defending Dorian Abbot and harassed Jewish students we'll be talking about this issue next year and years after.
This is the kind of conversations need for any who wants to build their business to gain perspective and see what you can apply.
Shout out to Lex and Bill. Thank you.
Great interview ????????????????????????
Incredibly informative interview Lex!
Lots of very valuable information in this. This is why I love Pods. Thanks Bill and Lex!!
Bill… PLEASE RUN in 2028. PLEASE.
Puke again Lex. I love how blatantly you ignore the 30,000 civilians killed. But, but do you condemn Hamas. So gross.