Lex Fridman Podcast
#413 – Bill Ackman: Investing, Financial Battles, Harvard, DEI, X & Free Speech
Bill Ackman
I think there are very few mutual funds. Uh, there are thousands and thousands of mutual funds. They're very few that earn their keep in terms of the fees they charge. Uh, they tend to be too diversified. Um, and, uh, too short term, and you're often much better off just buying an index fund.
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