Lex Fridman Podcast
#413 – Bill Ackman: Investing, Financial Battles, Harvard, DEI, X & Free Speech
Bill Ackman
But many people go out of business because, as I mentioned before, large move in a price, if investors are redeeming or you have leverage, it can put you out of business. And people assumed if we got put out of business, we'd have to sell everything or cover our short position. And that would make the losses even worse. So Wall Street is kind of ruthless.
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