Lex Fridman Podcast
#413 – Bill Ackman: Investing, Financial Battles, Harvard, DEI, X & Free Speech
Bill Ackman
And it became this massive conglomerate. But it was horribly mismanaged for decades. By the time we got involved, it was by far the worst-run railroad in North America. They had the lowest profit margins. They had the lowest growth rate. Every quarter, management would make excuses, generally about the weather, as to why they underperformed.
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