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

2238.422 - 2258.508 Bill Ackman

That's compared to what you can earn lending your money to the government, 4%. That's a very attractive going in yield. And then there's all kinds of what we call optionality in all the various businesses and investments they've made that are losing money. They've got a cloud business that's growing very rapidly, but they're investing basically 100% of the profits from that business in growth.