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

2308.865 - 2331.378 Bill Ackman

Absolutely. That's a great question. Business investing is about finding companies that can't be disrupted. AI is the ultimate disruptible asset or technology. And that's what makes investing treacherous is that you own a business that's enormously profitable, management gets, if you will, fat and happy. And then a new technology emerges that just takes away all their profitability.