Lex Fridman Podcast
#413 – Bill Ackman: Investing, Financial Battles, Harvard, DEI, X & Free Speech
Bill Ackman
He's like, sure, but what are you gonna pay me to borrow? I'll pay you interest on the value of the dollars today. So you borrow the dollars that are worth $100 each today. You pay them interest while you're borrowing them. And then you go sell them in the market for $100. That's what they're worth. And then they go down in price to 50.
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