Billionaire activist investor Bill Ackman gave a fantastic new interview on Lex Fridman’s show. He has an enormous talent for explaining investments and the various market mechanics for laypeople and, perhaps more importantly, he’s honest.
For example, he details how he nearly went bankrupt at the height of his investing career. The whole interview covers many topics, including non-investment ones. However, all of them seem to share a central theme: the quality of governance. The conversation presents a simple, eloquent way how Bill puts complex things into neat explanations.
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