Kamala surges, Trump at NABJ, recession fears, Middle East escalation, Ackman postpones IPO

4136.435 - 4159.397 Chamath Palihapitiya

And people have bought that story. So I think a lot of smaller organizations who aspire to be like a Blackstone or an Apollo have tried to get people to buy into this story. And I think what Bill Ackman was trying to do was some version of that, which is to say, I'm going to build an enterprise here. Pershing Square is going to be a standalone business. It's going to have enterprise value.