Bill Ackman: Investing, Financial Battles, Harvard, DEI, X & Free Speech | Lex Fridman Podcast

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  • čas přidán 2. 06. 2024
  • 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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    - BetterHelp: betterhelp.com/lex to get 10% off
    TRANSCRIPT:
    lexfridman.com/bill-ackman-tr...
    EPISODE LINKS:
    Bill's X: / billackman
    Pershing Square Holdings: pershingsquareholdings.com/
    Pershing Square Foundation: pershingsquarefoundation.org
    Neri Oxman conversation: • Neri Oxman: Biology, A...
    Books mentioned:
    The Intelligent Investor: amzn.to/3ONnaZy
    America's Cultural Revolution: amzn.to/3SDz1dY
    PODCAST INFO:
    Podcast website: lexfridman.com/podcast
    Apple Podcasts: apple.co/2lwqZIr
    Spotify: spoti.fi/2nEwCF8
    RSS: lexfridman.com/feed/podcast/
    Full episodes playlist: • Lex Fridman Podcast
    Clips playlist: • Lex Fridman Podcast Clips
    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
    SOCIAL:
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Komentáře • 2,2K

  • @lexfridman
    @lexfridman  Před 3 měsíci +127

    Here are the timestamps. Please check out our sponsors to support this podcast.
    0:00 - Introduction & sponsor mentions:
    - LMNT: drinkLMNT.com/lex to get free sample pack
    - Policygenius: policygenius.com/lex
    - AG1: drinkag1.com/lex to get 1 month supply of fish oil
    - Eight Sleep: eightsleep.com/lex to get special savings
    - BetterHelp: 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

    • @user-ph3gb5lp9o
      @user-ph3gb5lp9o Před 3 měsíci +2

      baby dont shave your beard please

    • @sumitdutta7043
      @sumitdutta7043 Před 3 měsíci +5

      Hey Lex can you invite Swami Sarvapriyananda to discuss Hinduism since you have already invited priest etc from other religions.
      Many indic religions remain.

    • @5kplamse
      @5kplamse Před 3 měsíci +2

      Where is PUTIN?!

    • @QML408
      @QML408 Před 3 měsíci +7

      @lexfridman - Thank you for your podcast. I didn’t even need to watch this one because I know the story and don’t need to hear Ackman lie. I think that Bill Ackman is a complete dirtbag and con artist. I despise people like him. All he did was sell short on Herbalife, then artificially influenced the market to get the stock price to drop. Thank God Carl Icahn was there to take the opposite position and scalp Ackman for $1B. Ackman’s claims against Herbalife were all investigated by the FTC and SEC, but no wrongdoing by the Herbalife business was found and there’s no enforcement actions taken against Herbalife. I don’t believe Ackman is a true billionaire through honest hard work. From all appearances, Ackman tried to disparage this company so he could gain a massive profit. What is so dirty about Ackman is that he has made his money off the backs of retail investors who do not have access to manage a hedge fund and influence the market. Ackman can direct those managers to do his bidding and bilk the retail investors out of their hard-earned money, which destroys their American dream. Carl Icahn’s investment in Herbalife drew the line in the sand against Ackman, who doesn’t appear to have any morals or integrity. Ackman looked to destroy the lives of the Herbalife employees and customers for his own greed.

    • @Jim-kc3gx
      @Jim-kc3gx Před 3 měsíci +1

      😮😮

  • @EverlyndPerez
    @EverlyndPerez Před 20 hodinami +713

    I’ve been saving for a long time instead of investing, and right now I only have about $516k. I'm not sure how to make it grow, considering all the inflation, into something substantial that I might use for retirement. I just here for ideas

    • @Debbie.Burton
      @Debbie.Burton Před 20 hodinami +4

      At a point like this its best recommended you seek the services of an advisor, as this allows you make smarter investing decisions.

    • @benitabussell5053
      @benitabussell5053 Před 20 hodinami +2

      It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $30k passively by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.

    • @A_francis
      @A_francis Před 20 hodinami +2

      in times like these, it's crucial to be cautious and not rush into the market , Who is this your FA , my portfolio needs urgent attention

    • @benitabussell5053
      @benitabussell5053 Před 20 hodinami +2

      *Sharon Lynne Hart* is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

    • @BenTodd-fl8nv
      @BenTodd-fl8nv Před 20 hodinami +1

      I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.

  • @Emmahernandez.
    @Emmahernandez. Před dnem +632

    Great Video. I'm a 52-year-old QA Specialist at Confluera, with an annual income of $150,000. Although I do have a retirement account, I'm keen on exploring short-term investment opportunities as I prepare to shift to part-time work in the near future. What would be the most suitable strategy to achieve my goals?

    • @JenniferDavis7630
      @JenniferDavis7630 Před dnem +2

      It's crucial to have a well-thought-out strategy and not make impulsive moves based on short-term market fluctuations. Patience and a long-term perspective are key. You should consider a market expert to guide you.

    • @JackHudson.
      @JackHudson. Před dnem +2

      Opting for an inves-tment advisr is currently the optimal approach for navigating the stock market, particularly for those nearing retirement. I've been consulting with a coach for a while, and my portfolio has surged by 85% since 2023

    • @Angelinacortez495
      @Angelinacortez495 Před dnem +1

      This is definitely considerable! think you could suggest any professional/advisors I can connect with? I'm in dire need of proper portfolio allocation

    • @JackHudson.
      @JackHudson. Před dnem +2

      Actually its a Lady. Yes my go to person is a ‘LAURELYN GROSS POHLMEIER '. So easy and compassionate Lady. You should take a look at her work.

    • @danieltaylor--65
      @danieltaylor--65 Před dnem +1

      I'm pleased with the advisor's prompt and knowledgeable assistance. Their professionalism instills confidence. Looking forward to further discussions.

  • @themauiwaui
    @themauiwaui Před 3 měsíci +340

    Out of all the pearls of wisdom in this chat, "nutrition, sleep, exercise, a little progress every day, and a walk with a friend every night" might be the best of them. A good recipe for happiness. 1:38:04

    • @alanwilliams9363
      @alanwilliams9363 Před 3 měsíci +31

      And a small loan of $300 million from JP Morgan.

    • @Skbrvrisjsbdvetjtrbejudb
      @Skbrvrisjsbdvetjtrbejudb Před 3 měsíci +1

      @@alanwilliams9363he literally needed it in a moment of despair to save his company from going bankrupt, you really think he enjoyed doing that?

    • @Dan.50
      @Dan.50 Před 3 měsíci +12

      @@alanwilliams9363 Exactly! Work hard, play by the rules, say your prayers at at night and oh yeah, have wealthy friends!

    • @goodfty
      @goodfty Před 3 měsíci

      I don't believe in seeing friends daily. The other stuff is obvious however "little progress" doesn't make much sense either, either do a lot or a little. This is like some "live laugh love" stuff. The other stuff is obvious and some isn't in your control to the extent it's suggested.

    • @deejay7339
      @deejay7339 Před 3 měsíci

      defeatist attitude will never get you success @@goodfty

  • @christopherdennis6785
    @christopherdennis6785 Před 3 měsíci +94

    Another among many examples of how platforms like this add extreme value to our lives. Unimaginable a few decades ago.

  • @IvanIvanov_1099
    @IvanIvanov_1099 Před 3 měsíci +1016

    Lex, can you invite Mr Buffet to your podcast? I think a lot of people will appreciate it

    • @alejandrosalcedo1838
      @alejandrosalcedo1838 Před 3 měsíci +25

      Hahahhahaahah

    • @FireSideChitChat
      @FireSideChitChat Před 3 měsíci +22

      He would probably describe the same concepts as Bill, but we would have to listen to his grainy old voice for 2-3 hours

    • @Austin6403
      @Austin6403 Před 3 měsíci +131

      @@FireSideChitChatany disrespect for the GOAT of investing is shameful

    • @deividsalomon9872
      @deividsalomon9872 Před 3 měsíci +2

      I would love that

    • @NK-mr3rh
      @NK-mr3rh Před 3 měsíci

      @@Austin6403very shameful

  • @paraversedefi
    @paraversedefi Před 3 měsíci +882

    This was a great interview. I never knew this side of Bill. Lex, interviewing more juggernauts in the financial world would be awesome!

    • @ezeqruls
      @ezeqruls Před 3 měsíci +29

      Can you be specific. I didn't know he revealed anything that he didn't want revealed. This was a 3.5 hours public relations event.

    • @dizzzzzzler
      @dizzzzzzler Před 3 měsíci +9

      @@ezeqrulsThe first hour was just him being a hype man for his portfolio. I guess that’s his job though.

    • @dancode9738
      @dancode9738 Před 3 měsíci

      Facts.@@ezeqruls

    • @CubeParrot1
      @CubeParrot1 Před 3 měsíci +1

      Agreed, finance is often overlooked.

    • @crazypato3752
      @crazypato3752 Před 3 měsíci

      ​@@CubeParrot1why

  • @orec1424
    @orec1424 Před 3 měsíci +67

    The "Active Investing" section of this interview is absolute gold. Thank you Lex and Bill!

  • @ChanMingMason
    @ChanMingMason Před 9 dny +42

    I really appreciate the dedication in each video you post. To be successful one has to have multiple income streams and so on, also investors should understand the crossover between asset classes & liquidity flow. Ann Elizabeth Messer focuses on Multi-asset trading, a single strategy to manage risk, profit, and the code or the actual decision-making across multi-asset classes. Her skills set is top notch

    • @AndersonBemzy
      @AndersonBemzy Před 9 dny

      Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.

    • @GeorgeJustice-dt3fz5564
      @GeorgeJustice-dt3fz5564 Před 9 dny

      The very first time we tried, we invested $1000 and after a week, we received $5900. That really helped us a lot to pay up our bills.

    • @CoreyRoberto3244
      @CoreyRoberto3244 Před 9 dny

      You trade with Elizabeth Messer too? Wow that woman has been a blessing to me and my family.

    • @FranklinFranklin_
      @FranklinFranklin_ Před 9 dny

      I'm new at this, please how can I reach her?

    • @DrRobertEdward
      @DrRobertEdward Před 9 dny

      I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much

  • @Slaxsvo
    @Slaxsvo Před 3 měsíci +250

    Please interview more financial figures! Loved this, and have been following Ackman for a long time

    • @stephenmcinerney9457
      @stephenmcinerney9457 Před 3 měsíci +7

      Please don't; Lex didn't push back against Ackman's narrative once... it was 3.5 hours of PR (he becomes vague other than insisting he personally didn't make the plagiarism allegations against Gay: Christopher Rufo did. Does Ackman fund Rufo's foundation?). I totally believe the anonymous Jamaican cab driver story is representative; how about talking to pharmaceutical patients who were price-gouged by Valeant during the Ackman time? Only interview financial figures who can be objective: Buffett, Philip Pilkington. Although, I'd love to see Yanis Varoufakis go 15 rounds with Ackman.

    • @the_notorious_bas
      @the_notorious_bas Před 3 měsíci +1

      Jim Simons would be gold

    • @EmilRadsky-ll8kx
      @EmilRadsky-ll8kx Před 2 měsíci

      @@stephenmcinerney9457 are u communist?

    • @lyndonrichards5279
      @lyndonrichards5279 Před měsícem

      ​@@stephenmcinerney9457what a brilliant man. Great interview.

  • @MegaRavishankar
    @MegaRavishankar Před 3 měsíci +993

    we need Ilya Sutskever , Andrej Karpathy and Andrew NG back with latest developments!!

    • @seeknndestroy420
      @seeknndestroy420 Před 3 měsíci +6

      Thats it!

    • @MegaRavishankar
      @MegaRavishankar Před 3 měsíci

      @@seeknndestroy420 Ya , let's get all of them from open ai and Google deep mind once again! That's the difference between lex and Joe Rogan!!!

    • @nanow1990
      @nanow1990 Před 3 měsíci +7

      they are probably not allowed to give interview

    • @daarom3472
      @daarom3472 Před 3 měsíci +23

      this isnt an AI podcast anymore. I still remember the good ole days!

    • @carvalhoribeiro
      @carvalhoribeiro Před 3 měsíci +1

      Yes

  • @revtheory
    @revtheory Před 3 měsíci +34

    I just want to comment, the interview was fantastic, but I also want to credit Lex and his team for the quality of sound. I have had hearing issues over the past 4 years, hyper sensitive to the poor sound, that is all over this new internet form of media and information, a lot of times the sound is overlooked, you just accept it. But when it's dialed in, it is such a treat. And every time I listen I am so pleased in the interviews but also the great Sound!

  • @endgamefond
    @endgamefond Před 3 měsíci +33

    What I like about Lex is he is a good listener. He is a simple man and a good listener.

    • @lf1980
      @lf1980 Před měsícem +2

      He's also a smart person. It's all well to listen but you also need to ask the right questions and/or know how to respond or be the type of person with the type of perspective that responds in a way that furthers the conversation

  •  Před 3 měsíci +575

    Lex has the most interesting podcast on CZcams hands down

    • @endgamefond
      @endgamefond Před 3 měsíci +7

      How on earth you got 6m subscribers and only posted 3 videos?

    • @MarkLawsonY3K
      @MarkLawsonY3K Před 3 měsíci

      Is hate speech a subset of free speech? If you can't support the ability to say, write, think, the most horrible of topics... you aren't for free speech at all. IMHO 🎉

    • @Thrownat
      @Thrownat Před 3 měsíci

      Lex is an insult to Russians. Oh look another jew billionaire. Maybe ask him how many boys he's diddled.

    • @Thrownat
      @Thrownat Před 3 měsíci

      This boy is a clown

    • @Thrownat
      @Thrownat Před 3 měsíci

      Another jewish billionaire.

  • @lorenzorodriguez5703
    @lorenzorodriguez5703 Před 3 měsíci +35

    I actually went to the Dartmouth discussion after the attack on October 7th. I was extremely impressed by the panel. Given the circumstances, the room was full of tension, mixed emotions and rage. The room was extremely diverse. Many Israelis, Muslims and curious students. Overall, the professors on the panel did an incredible job and was happy to be a Dartmouth student that day. Looking back I am surprised to see how few institutions actually had an open discussion about the situation in Gaza/Isreal.

  • @humanbeing5300
    @humanbeing5300 Před 3 měsíci +106

    this interview is a goldmine of knowledge in the first hour at least. Very impressed with Bill Ackman

    • @LeonardoGrigio
      @LeonardoGrigio Před 3 měsíci +4

      He was flawless. I’ve studied this a long time. Keeps it simple for the interviewer. And, Lex is brilliant of course!

    • @deejay7339
      @deejay7339 Před 3 měsíci

      Been lucky to come across Bill in person, solid guy just like on the podcast.

  • @sebastiantrujillo5171
    @sebastiantrujillo5171 Před 2 měsíci +14

    Lex would love to see more finance guys like Bill Ackman

  • @dwallace67
    @dwallace67 Před 3 měsíci +482

    Carl Icahn next?

    • @caliboosted
      @caliboosted Před 3 měsíci +30

      lol he’d never do it but Carl would be epic.

    • @jungeunji8289
      @jungeunji8289 Před 3 měsíci +29

      Carl Icahn with Bill Ackaman wouldve been the best thing ever

    • @Sujaljaina
      @Sujaljaina Před 3 měsíci +9

      Debate between carl ichan and bill ackman and lex as a moderator is what we need next

    • @pepguardiola5951
      @pepguardiola5951 Před 3 měsíci +1

      David Kirtley from Helion!!

    • @ousefk5476
      @ousefk5476 Před 3 měsíci +18

      I'd prefer Buffet. He's already on borrowed time.

  • @donoskeys
    @donoskeys Před 3 měsíci +135

    The Jamaican cab driver was a nice story.

    • @marvitmia
      @marvitmia Před 3 měsíci +3

      Yes indeed he made50X, but I don't know to put all your eggs in one basket :(

    • @RishabhSharma10225
      @RishabhSharma10225 Před 3 měsíci +1

      Timestamp please?

    • @RockmannMusic
      @RockmannMusic Před 2 měsíci

      I'm happy for that guy : )

  • @Madalinn..
    @Madalinn.. Před 14 dny +1

    "How can you explore how to think when you're only shared a certain point of view?"
    This interview was by far one of the best interviews I have ever watched. So much information, so much vision. We should protect those two guys at all costs.

  • @callspreadzero854
    @callspreadzero854 Před 3 měsíci +24

    Home run Lex! As a longtime subscriber it’s been an absolute pleasure watching the platform growth. And a big thank you to Mr. Ackman. Incredible episode.

  • @Vizion512
    @Vizion512 Před měsícem +3

    Bill Ackman is 1 of 1. No Billionaire kicks it how he kicks it with sharing valuable information, and giving insight to private investing/equity.

  • @omid_saedi
    @omid_saedi Před 3 měsíci +244

    It seems near impossible, but interviewing Grigori Perelman would be impeccable.

    • @esoterickaplan
      @esoterickaplan Před 3 měsíci +15

      This is probably impossible as he is a complete recluse and I am not sure Lex's Russian is good enough to have complex conversations about math. But yes this would epic.

    • @Ibbysz
      @Ibbysz Před 3 měsíci +4

      This would be amazing. Easily one the most important mathematicians of our time.

    • @l.s.754
      @l.s.754 Před 3 měsíci +13

      Gregory Perelman, is Mathematician, who lives reclusive life style., in his one bedroom apparent. In St Petersburg , Russia. I doubt he would agree to an interview. He refused $1,000,000 prize. However, it would be a great interview.

    • @rocketPower047
      @rocketPower047 Před 3 měsíci +3

      He's too busy picking mushrooms

    • @mouaadibnelaryf6848
      @mouaadibnelaryf6848 Před 3 měsíci +3

      He doesn't like interviews, he doesn't want to be famous.

  • @IlmarBeekman
    @IlmarBeekman Před 2 měsíci +7

    I like the way Mr Ackman thinks. I really hope our financial system has more men like him in charge.

    • @lf1980
      @lf1980 Před měsícem

      I'm wondering if he invests for good change and money is the byproduct....or invests for money and good change is the byproduct.

  • @svetlinkaradzhov5841
    @svetlinkaradzhov5841 Před 3 měsíci +5

    I think this is hands down one of the best talks with a finance professional out there - and I watch a lot of those. Mr. Ackman shared so much with the world to the point that can really help a lot of people to get there heads around the investing world and some of the intricacies involved in the business. So much value for free :) Thanks to Lex for making people like Mr. Ackman share their priceless experience with us! I can't express enough my utmost respect and highest appreciation for both gentlmen!

  • @raccoonduck5406
    @raccoonduck5406 Před 3 měsíci +12

    Listened through Spotify, came here just to like again. Amazing interview, it's heartening to see more leaders awakening and standing up against what's wrong.

  • @rokker333
    @rokker333 Před 3 měsíci +24

    The quality of content you produce continuously over the years is absolut outstanding.

  • @kindog86
    @kindog86 Před 3 měsíci +7

    Fantastic interview. Bill has so much knowledge and experience. Great to hear from him in depth

  • @SebHo773
    @SebHo773 Před 3 měsíci +4

    You made my sunday, thank you! What incredible life lessons told in a very easy to understand and applicable way 🙏🏻 greetings from Germany

  • @thegambalingsuit555
    @thegambalingsuit555 Před 3 měsíci +73

    Free knowledge take what you can

  • @AbsoluteMotivation
    @AbsoluteMotivation Před 3 měsíci +121

    Always liked, Bill. He has some great interviews with so many useful nuggets.

    • @Nottotv
      @Nottotv Před 2 měsíci +2

      He uses media to his advantage

    • @muba000
      @muba000 Před 2 měsíci +1

      Nah, he tries to sell himself as a next Warren Buffet, but he isn't.

  • @motwoc
    @motwoc Před 3 měsíci +4

    Halfway through and I want to rewatch this. This is gold!

  • @user-st3kv5lg6i
    @user-st3kv5lg6i Před 3 měsíci +3

    Lex asks the best questions of any podcaster I have ever listened to. I think it’s because they are both so genuinely driven by curiosity and informed by lots of research beforehand. Keep up the great work Lex!

  • @estudioaurora
    @estudioaurora Před 2 měsíci +3

    I’ve become wiser from this conversation. Thank you both.

  • @alanrobertson3172
    @alanrobertson3172 Před 3 měsíci +8

    Brilliant guest- lived the Harvard analysis.

  • @monolini
    @monolini Před 3 měsíci +2

    Excellent interview Lex! Great questions and follow-up....This postcast should be viewed by every new investor, specially for the first 2 hours.

  • @tobilytle5737
    @tobilytle5737 Před 3 měsíci +1

    ❤Thank you for bringing Bill Ackman to your broadcast. Bill speaks for the (too large) silent majority on this planet.
    I will be looking around for more time to listen to Bill Ackman.

  • @siddharthkshirsagar1415
    @siddharthkshirsagar1415 Před 3 měsíci +16

    This episode is worthy of a documentary or a book.

  • @garyerrington625
    @garyerrington625 Před 3 měsíci +6

    I think it is intresting how he says activist investors are almost always good and have the best interest of the company but then he says his own company had an activist investor which pushed him towards his lowest point and resulted in him closing his original fund

  • @varunjain5789
    @varunjain5789 Před 3 měsíci

    Really enjoyed this conversation with Bill. We need more long-form interviews with such great investors !!

  • @99MrJ99
    @99MrJ99 Před 3 měsíci +2

    I started listening to your podcast back in 2018, its so cool to see how far you've gone with it. You get awesome guests and the style and flow of the podcast is always interesting. Its one of my go to listens. cheers

  • @bcal5962
    @bcal5962 Před 3 měsíci +7

    This was absolutely EXCELLENT! To see Bill talk in person like this after his tremendous fight against Wokeism and DEI was amazing. For some reason I thought he would in general carry himself more aggressively but instead he seems the most calm, clear minded guy around. Watched this over the weekend while training in Zwift - great combo!

  • @Mid.G.
    @Mid.G. Před 3 měsíci +5

    This might be my favorite interview this year, very insightful both personally and professionally.

  • @houseofrio1960
    @houseofrio1960 Před 3 měsíci +2

    Fascinating, both of you together.... Thank you

  • @tom19482001
    @tom19482001 Před 2 měsíci +1

    Thank you both for this very interesting and informative discussion. I will re-watch it many times in the future.

  • @Jeremy-Ai
    @Jeremy-Ai Před 3 měsíci +6

    We appreciate you Lex. :)
    Thanks for all you do to be a man of reason, respect, and responsibility. Your efforts help to inform us all with the greatest minds of today.
    We love you for it.
    Take care my friend,
    Jeremy

  • @SendPie42069
    @SendPie42069 Před 3 měsíci +7

    Asking the real questions with respect and tact. Love you lex!

  • @jessicapadgett7345
    @jessicapadgett7345 Před 3 měsíci +2

    Lots of very valuable information in this. This is why I love Pods. Thanks Bill and Lex!!

  • @thehappytwo5442
    @thehappytwo5442 Před 3 měsíci +2

    Bill is awesome. Thanks, Lex for your great podcasts. Keep them coming! We need more folks like Bill out there.

  • @jin6000
    @jin6000 Před 3 měsíci +11

    Awesome! Great guest. Can’t wait to listen to this. :)

    • @sabihraza5734
      @sabihraza5734 Před 3 měsíci

      If you are a white supremacist 🤦🏻‍♂️

    • @jin6000
      @jin6000 Před 3 měsíci

      @@Asdfgfdmn I’m pretty sure your mother said it.

  • @sargisgasparyan7055
    @sargisgasparyan7055 Před 3 měsíci +9

    If Jeff Bezos had hair

  • @derekbaker8511
    @derekbaker8511 Před 3 měsíci

    Been listening for years, this was a phenomenal interview and one of my favorites. Well executed by Lex and truly insightful listening to Bill.

  • @eulier1
    @eulier1 Před 3 měsíci +1

    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.

  • @eddiemeese1218
    @eddiemeese1218 Před 3 měsíci +3

    Fascinating interview. Such high respect for Ackman.

    • @slickjohnson7976
      @slickjohnson7976 Před 3 měsíci

      Dudes a simp

    • @retirementplanner
      @retirementplanner Před 3 měsíci

      ​@@slickjohnson7976 you should- his wife supported him and he supports her. ackman is a great husband actually and a total chad

  • @YTfcuk
    @YTfcuk Před 3 měsíci +15

    Amazing interview. Thank you.

  • @marcgirard7551
    @marcgirard7551 Před 3 měsíci +11

    This might be the best podcast I’ve seen. Bill is amazing and Lex did a fantastic job interviewing.

  • @Bobcat0531
    @Bobcat0531 Před 3 měsíci +1

    Thank you Bill Ackman for giving knowledgeable lessons. Also really appreciate Lex for what he contributing

  • @etoya7304
    @etoya7304 Před 3 měsíci +7

    Thank you Mr Ackman for being brave and taking on the biggest problem and the biggest threat to our country - the DEI. We are counting on you to keep up on it. There is very little hope left with it. The problem is much more widespread than anybody realizes. Really hope it’s not too late.

    • @The_business_Podcast
      @The_business_Podcast Před 3 měsíci

      What is DEI

    • @favor4afavor823
      @favor4afavor823 Před 2 měsíci

      ​@The_business_Podcast it stands for "diversity, equity, and inclusion." In reality, it is race Marxism, essentially a fusion of all of the worst ideologies of the 20th century (nazism/Stalinism). It has been embraced and propagated by academia, and now most large corporations are pushing this poison.

  • @Ibbysz
    @Ibbysz Před 3 měsíci +46

    Lex you should consider bringing Brian Johnson. He's made many achievements since you guys last talked. The OpenAI team would also be great so: Ilya Suktskever, Sam altman, Greg Brockman, and Andrej Karpathy :)

  • @ejiroigbesoko
    @ejiroigbesoko Před 3 měsíci +9

    Remarkable how Bill 'lights' up when talking about Neri: 1:34:04 to 1:35:21. 😂😂😂

  • @benlussier8537
    @benlussier8537 Před 3 měsíci +1

    great episode, thank you @lexfridman for having Bill on the show!

  • @Seamantics
    @Seamantics Před 3 měsíci +22

    Did you ask him about tanking the market early 2020 with his ‘emotional’ fear mongering CNBC phone call, cashing out billions in his short position?

    • @LambdaTheory
      @LambdaTheory Před 3 měsíci

      Bill Ackman didn't tank the market. Everyone sold on the lockdown plans.

    • @guraminiro
      @guraminiro Před 3 měsíci +8

      why are you exposing his only strategy ?for all situations ?

    • @WizardOVOz
      @WizardOVOz Před 3 měsíci

      Sounds like you were dumb enough to listen instead of making your own decision.
      I guess all those people that read research reports (buy and sell) are all idiots for following the advice.
      Bottom line… like everyone else he gave his view… you just blame him for what followed.

    • @kindnesslove5482
      @kindnesslove5482 Před 3 měsíci

      LOL it was Covid that tanked the market. He is not that influential he can wreck the entire global market. Then FED stepped in ALL IN and that was always what needed to happen to save market.

  • @TimJamesSaunders
    @TimJamesSaunders Před 3 měsíci +11

    He forgot about the part when he does the pump and dump

    • @michael2514
      @michael2514 Před 3 měsíci +1

      Oops

    • @Mainline-the-endorphin-vein
      @Mainline-the-endorphin-vein Před 3 měsíci

      Exactly!! Remember when Bill Ackman went on CNBC and screamed at the financial world for 23 minutes talking about the collapse of the world due to COVID??? AT THE SAME TIME he was shorting stocks and the market, MAKING BILLIONS!! Then when he knew the market was bottoming, he flipped his trading position and went long on the market when he knew the fed was going to inject massive stimulus. But needless to say, our memories are too too short.
      But let’s dig further on Bill Ackman! He’s the same douche bag who had to go after the Harvard President for plagiarizing her dissertation (I get and agree on the consequences for her). But when Bill Ackman’s wife admits to her own plagiarizing of her dissertation, he like any good scumbag, justifies it away and goes after Business Insider for horrible reporting, and then like the world class scumbag that he is, he cheers on people losing their job.
      I get the news industry isn’t trustworthy or even really valuable like they once were, but to cheer people losing their jobs is the depths humanity.

  • @BoonTee
    @BoonTee Před 3 měsíci +1

    This is a great podcast! Enjoy every minute of the conversation! Thank you Lex and Bill for doing this!

  • @maggirae1961
    @maggirae1961 Před 3 měsíci +1

    Fascinating interview--a total example of an individual who believed he was about personal gain and was truly asleep to all that has been going on for decades without taking the time to question huge subjects. To say he is late to the party is obvious. He still has a great deal of introspection to achieve. I am glad for him that his journey is finally moving to a real human direction.

  • @faisalsheikh7846
    @faisalsheikh7846 Před 3 měsíci +84

    When u bring Grigori Perelman?

    • @mahmodabdien8186
      @mahmodabdien8186 Před 3 měsíci +1

      wow, if that's an option i will host a party to watch it

    • @meltheboss
      @meltheboss Před 3 měsíci

      Wowwww

    • @chegist
      @chegist Před 3 měsíci +3

      First, he needs to return to our dimensions.

    • @chesstictacs3107
      @chesstictacs3107 Před 3 měsíci

      Not happening, unfortunately. Would love to listen to him though.

  • @blueplanet87
    @blueplanet87 Před 3 měsíci +1

    Great job Bill. Class act. Thank you again Lex, for your tremendous skill in developing an interesting conversation.

  • @perandersson4528
    @perandersson4528 Před 3 měsíci +3

    People have had worse crisis than I ever have had, so well handled, such inspiration!

  • @JerryPallath
    @JerryPallath Před 3 měsíci +7

    Fridman? Fridman... like Free Man. Lex, youre a free man
    My name is Bill Ackman, like Activist Man

  • @regbhyyu
    @regbhyyu Před 3 měsíci +4

    Ask him about valeant and how it nearly bankrupted hospitals

  • @DoubleB13
    @DoubleB13 Před 3 měsíci +2

    Great interview. Thanks for sharing

  • @Views-rj3nw
    @Views-rj3nw Před 3 měsíci

    Incredible, took me two days to watch this, but i really enjoyed this. Bill Ackman is a great inspiration for me as an investor, and it’s always a treat to hear his views and experiences.
    Thank you Lex, this was a great interview, very engaging and informative, especially on account of discussing incentives and governance.

  • @kwanarchive
    @kwanarchive Před 3 měsíci +3

    When can we expect a Claudine Gay episode?

  • @lerianx
    @lerianx Před 3 měsíci +10

    I cannot thank Bill enough for spotting the light on the Herbalife scam, and all the MLM scams for that matter.

    • @michael2514
      @michael2514 Před 3 měsíci

      How about that pandemic market scare?! Bill is my hero too 🤮

  • @constantine2061
    @constantine2061 Před 3 měsíci +9

    Didn’t know much about him prior to this interview, but after watching this he seems like a really down to earth guy. Another great interview Lex!

  • @SidikaAykut
    @SidikaAykut Před 3 dny

    Absolutely, I love how easy it is to place bets on 4ra. The layout is simple and straightforward.

  • @k.k8291
    @k.k8291 Před 3 měsíci +7

    Great discussion, especially the segment about DEI, which I skipped to first.

  • @genzgeneric
    @genzgeneric Před 3 měsíci +4

    If Bill shaved his head, wouldn't he look a lot like Jeff Bezos?

  • @johanngross6953
    @johanngross6953 Před 3 měsíci +1

    Thank you Lex for the great, well-prepared questions. Really fluid, and insightful interview! Thank you Bill for the honesty and for sharing your personal struggles. It's hard to come across giants like yourself sharing such a perspective and talking openly about losses as much as wins.

  • @LeonardoGrigio
    @LeonardoGrigio Před 3 měsíci +1

    35 minutes in and Akerman is a badass. He has summarized Buffett very well and of course Graham to a degree. Most folks will not read The Intelligent Investor.

  • @JoshuaSmith-lb7qn
    @JoshuaSmith-lb7qn Před 3 měsíci +6

    Soon as lex uploads I’m here within 2 seconds

  • @JaapVersteegh
    @JaapVersteegh Před 3 měsíci +15

    The opening is just a literal copy of a Warren Buffet talk on investing.

    • @TheAlskdfj
      @TheAlskdfj Před 3 měsíci +17

      He's a plagiarist like his wife Neri Oxman.

    • @joshuagharis9017
      @joshuagharis9017 Před 3 měsíci

      And Warren brags about paying 0.1% of his wealth in taxes, real stand up guy for our society. Socialism is democracy in OUR economy. We decide together ❤️

    • @Firstname_Surname
      @Firstname_Surname Před 3 měsíci +1

      @@joshuagharis9017 Socialism is a guise of a democratic economy which keeps the people equally poor and controlled as pawns by the political elite, but nice try

    • @drudini5812
      @drudini5812 Před 3 měsíci +11

      ​@@joshuagharis9017buffet complains about paying less tax than his secretary and has publically stated he thinks he should pay more.. lol however what he is trying to say is much different than you are. The "Socialism" you desire is the END of our economy..

    • @Tetarkall
      @Tetarkall Před 3 měsíci

      @@joshuagharis9017Less of a brag and more of a sarcastic humor but okay. It is funny, our tax code is a joke.

  • @Benjiforthemoon
    @Benjiforthemoon Před 3 měsíci

    #413 should be labeled as Lex’s most intellectually valuable episode to date.

  • @R.oboCop.
    @R.oboCop. Před 3 měsíci

    Thanks for the podcast, I'm enjoying the conversation and learned a lot from it so far. I'll always support you my friend.

  • @jordangaudio6729
    @jordangaudio6729 Před 3 měsíci +14

    Bill is a great man. Very much enjoy listening to his perspectives

  • @zacklawrence6416
    @zacklawrence6416 Před 3 měsíci +11

    Ackman is a hero for calling attention to the lunacy of University Presidents. We need more billionaires like him

    • @WanderingExistence
      @WanderingExistence Před 3 měsíci +11

      Bro, he got Claudine pushed out for the same thing his wife did

    • @Ms123kill
      @Ms123kill Před 3 měsíci +1

      like his wife? what lunacy you mean? Zionist jews not only faked but also harassed arabs and pro Palestinians on campus no action against them. It’s nothing but suppression

    • @baazinews1027
      @baazinews1027 Před 3 měsíci +5

      How much were you paid by him for this Comment ?
      $5 ??

    • @guraminiro
      @guraminiro Před 3 měsíci

      LOOOOL WE NEED BILLIONAIRES LIKE HIM
      HAHAHAHAHAHAHAH
      we dont need more honest men , we dont need more respectable people , we need more crying babies and more crooks.
      your logic is fkd man.

    • @zacklawrence6416
      @zacklawrence6416 Před 3 měsíci +3

      @@WanderingExistence I'm pretty sure his wife didn't say "it depends on the context" when asked whether it was against policy to call for the genocide of jews.

  • @AtillaPinar
    @AtillaPinar Před 3 dny

    The responsiveness of the rbt platform is impressive. No delays, perfect for IPL Lottery.

  • @santiagoaguadorusso973
    @santiagoaguadorusso973 Před 3 měsíci +1

    Thank you for doing what you do. Its amazing to have access to such great minds through these podcasts.

  • @jeff-hh9mc
    @jeff-hh9mc Před 3 měsíci +3

    Was and am a fisher over a graham fan. The best investors america has ever had in my opinion would be bogle and munger.

    • @daarom3472
      @daarom3472 Před 3 měsíci

      I always wonder how much of Buffett was actually Munger.
      Munger always seemed to say the smarter things, Buffett is way more likeable though.

    • @jeff-hh9mc
      @jeff-hh9mc Před 3 měsíci

      @@daarom3472 buffet is a punk. I believe with every fiber of my being that munger is why Buffett is around today.

    • @hakaishinkage9899
      @hakaishinkage9899 Před 3 měsíci

      @@jeff-hh9mc Buffet is by no means a "punk" in the field of finance, but he has openly admitted that he adopted the idea of picking up "cigar butt" stocks, which Munger helped steer him away from, thus making Berkshire what it is today

    • @jeff-hh9mc
      @jeff-hh9mc Před 3 měsíci

      @@hakaishinkage9899 any coward that owns 19% of both Coca Cola and American Express and stands by idly as both companies preach anti white racism. Is a punk. Same with a man that steps out on his wife for 40 years.

    • @jeff-hh9mc
      @jeff-hh9mc Před 3 měsíci

      @@hakaishinkage9899 if you support black supremacy you are a punk.

  • @sandrawilliams4874
    @sandrawilliams4874 Před 3 měsíci +4

    Thanks for interviewing a billionaire who is also a silver fox. Neri Oxman is a blessed lady!

  • @enisity
    @enisity Před 3 měsíci

    Great review! Thanks for breaking it all down

  • @MrCubannn
    @MrCubannn Před 3 měsíci +2

    Amazing how far confidence will get you

  • @BasicFolders
    @BasicFolders Před 3 měsíci +8

    This is epic. 3 1/2 hours with Bill Ackman. Thank you Bill, for taking the time. ❤

  • @jefferywilbert01
    @jefferywilbert01 Před 3 měsíci +10

    I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.

    • @valeriamason1
      @valeriamason1 Před 3 měsíci

      I feel your pain mate, as a fellow retiree, I'd suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.

    • @jefferywilbert01
      @jefferywilbert01 Před 3 měsíci

      That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well

    • @valeriamason1
      @valeriamason1 Před 3 měsíci

      My advisor is Helena Crouse

    • @valeriamason1
      @valeriamason1 Před 3 měsíci

      She’s active on

    • @valeriamason1
      @valeriamason1 Před 3 měsíci

      TELE

  • @mahirhaque1801
    @mahirhaque1801 Před 3 měsíci +1

    Man I have been waiting for this for a long time. I don't agree with a lot of what Bill says but he is one of my heroes.

  • @birsay123
    @birsay123 Před 3 měsíci +18

    U2 is not in same league as The Beatles or the Rolling Stones

    • @billhammett174
      @billhammett174 Před 3 měsíci

      So true! Ditto Elvis...

    • @thetruthis24
      @thetruthis24 Před 3 měsíci

      One notch below

    • @danahodgson7478
      @danahodgson7478 Před 3 měsíci +3

      The way he spoke about owning music made me feel sick.

    • @dannyarcher6370
      @dannyarcher6370 Před 3 měsíci

      You're right. The Beatles and the Stones wish they had the talent to have written a masterpiece like "Where The Streets Have No Name" or "With or Without You" instead of singing nursery rhymes about yellow submarines.

    • @birsay123
      @birsay123 Před 3 měsíci

      Yes of course we all can agree that yellow submarine was the best thing Beatles ever did.

  • @JT__Media
    @JT__Media Před 3 měsíci +5

    “The world is not going to ask your permission to become what it is becoming.” - LEX 🔥

  • @LittleElvis967
    @LittleElvis967 Před 3 měsíci

    Love Lex’s interviews. They are nonjudgmental with no political agenda in mind that is so unheard of today. Honest and straightforward. Simple direct questions.

  • @ColleenGoodall-sh7mu
    @ColleenGoodall-sh7mu Před 3 měsíci

    Again, very informative. To say I am amazed is an understatement. Thank you Lex Fridman and Bill Ackerman

  • @billyjames3046
    @billyjames3046 Před 3 měsíci +8

    Longest chipotle ad I’ve ever seen…