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

1789.555 - 1812.387 Bill Ackman

A moat is you get to a certain scale and you do it successfully. And the brand is now understood by the consumer. And what's interesting about Chipotle is what they've achieved is difficult. They're not buying frozen hamburgers getting shipped in. They're buying fresh frozen. you know, sustainably sourced ingredients, they're preparing food in the store. That was a first, right?