Lex Fridman Podcast
#413 – Bill Ackman: Investing, Financial Battles, Harvard, DEI, X & Free Speech
Bill Ackman
By the way, that's the way investing was done in the Andrew Carnegie, JP Morgan days, you know, 150 years ago, right? You had these iconic business leaders that would own 20% of US steel. And when things would go wrong, they'd replace the board and the management and fix them. And over time, we went to a world where mutual funds were created like in the 1920s, 30s.
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