Lex Fridman Podcast
#413 – Bill Ackman: Investing, Financial Battles, Harvard, DEI, X & Free Speech
Bill Ackman
Yeah, speculation is just a bit like buying, trading crypto, right? Strong words. Well, short-term trading crypto. Maybe in the long run, there's intrinsic value. But many investors in a bubble going into the crash were really just pure speculators. They didn't know what things were worth. They just knew they were going up. That's speculation.
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