#413 – Bill Ackman: Investing, Financial Battles, Harvard, DEI, X & Free Speech

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: lexfridman.com

EPISODE LINKS:
Bill’s X: twitter.com
Pershing Square Holdings: pershingsquareholdings.com
Pershing Square Foundation: pershingsquarefoundation.org
Neri Oxman conversation: www.youtube.com
Books mentioned:
The Intelligent Investor: amzn.to
America’s Cultural Revolution: amzn.to

PODCAST INFO:
Podcast website: lexfridman.com
Apple Podcasts: apple.co
Spotify: spoti.fi
RSS: https://lexfridman.com/feed/podcast/
YouTube Full Episodes: youtube.com
YouTube Clips: youtube.com

SUPPORT & CONNECT:
– Check out the sponsors above, it’s the best way to support this podcast
– Support on Patreon: www.patreon.com
– Twitter: twitter.com
– Instagram: www.instagram.com
– LinkedIn: www.linkedin.com
– Facebook: www.facebook.com
– Medium: medium.com

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