Lex Fridman Podcast
#413 – Bill Ackman: Investing, Financial Battles, Harvard, DEI, X & Free Speech
Bill Ackman
I tried to learn from Mr. Buffett over time, and it was, so to speak, permanent capital. The problem with hedge funds is people can take their money out every quarter. What Buffett has is a company where people want to take their money out, they sell the stock, but the money stays. So we set up a similar structure in October of 2014. And then a year later, Valiant happens.
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