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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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\nTranscript: https://lexfridman.com/bill-ackman-transcript
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\nEPISODE LINKS:
\nBill's X: https://twitter.com/BillAckman
\nPershing Square Holdings: https://pershingsquareholdings.com/
\nPershing Square Foundation: https://pershingsquarefoundation.org
\nNeri Oxman conversation: https://www.youtube.com/watch?v=XbPHojL_61U
\nBooks mentioned:
\nThe Intelligent Investor: https://amzn.to/3ONnaZy
\nAmerica's Cultural Revolution: https://amzn.to/3SDz1dY
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\nPODCAST INFO:
\nPodcast website: https://lexfridman.com/podcast
\nApple Podcasts: https://apple.co/2lwqZIr
\nSpotify: https://spoti.fi/2nEwCF8
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\nYouTube Clips: https://youtube.com/lexclips
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\nSUPPORT & CONNECT:
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\n- Medium: https://medium.com/@lexfridman
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\nOUTLINE:
\nHere's the timestamps for the episode. On some podcast players you should be able to click the timestamp to jump to that time.
\n(00:00) - Introduction
\n(08:55) - Investing basics
\n(13:47) - Investing in music
\n(22:08) - Process of researching companies
\n(26:47) - Investing in restaurants
\n(32:16) - Investing in Google
\n(37:58) - AI
\n(43:13) - Warren Buffet
\n(45:22) - Psychology of investing
\n(54:53) - Activist investing
\n(1:04:41) - General Growth Properties
\n(1:20:57) - Canadian Pacific Railway
\n(1:28:21) - OpenAI
\n(1:32:32) - Biggest loss and lowest point
\n(1:47:21) - Herbalife and Carl Icahn
\n(2:04:11) - Oct 7
\n(2:10:42) - College campus protests
\n(2:29:09) - DEI in universities
\n(2:50:00) - Neri Oxman
\n(3:15:30) - X and free speech
\n(3:19:54) - Trump
\n(3:27:30) - Dean Phillips
\n(3:34:36) - Future