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Lex Fridman Podcast

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

3133.897 - 3157.226 Bill Ackman

I even recommend for individual investors to invest in a dozen companies. You don't get that much more benefit of diversification going from a dozen to 25 or even 50. Most of the benefits of diversification come in the first, call it 10 or 12. And if you're investing in businesses that don't have a lot of debt, They're businesses that you can understand yourself.

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