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Lex Fridman Podcast

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

4135.971 - 4157.397 Bill Ackman

And, you know, I was a shareholder activist, you know, four years into Pershing Square and no one had any idea what we were doing. They thought we were crazy. Every day we'd go into the market and we'd buy this penny stock. And we'd file what's called a 13D, every 1% increase in our stake. And people just thought we were crazy. We're buying stock in a company that's going to go bankrupt.

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