#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
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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/ YouTube Full Episodes:
https://youtube.com/lexfridman YouTube Clips:
https://youtube.com/lexclips SUPPORT & CONNECT: - Check out the
sponsors above, it's the best way to support this podcast - Support
on Patreon: https://www.patreon.com/lexfridman - Twitter:
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https://medium.com/@lexfridman 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