Lex Fridman Podcast
#413 – Bill Ackman: Investing, Financial Battles, Harvard, DEI, X & Free Speech
Bill Ackman
Biggest loss of my career is a company called Valiant Pharmaceuticals. We made an investment in a business that didn't meet our core principles. The problem in the pharmaceutical industry, and there are many problems, as I've learned, is it's a very volatile business, right? It's based on drug discovery.
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