Lex Fridman Podcast
#413 – Bill Ackman: Investing, Financial Battles, Harvard, DEI, X & Free Speech
Bill Ackman
It's historic. So we at Pershing Square shorted very few stocks. And the reason for that is short selling is just inherently treacherous. If you buy a stock, it's called going long. You're buying something, your worst case scenario is you lose your whole investment. You buy a stock for 100, it goes to zero, you lose $100 per share. You buy one share, you lose 100.
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