Lex Fridman Podcast
#413 – Bill Ackman: Investing, Financial Battles, Harvard, DEI, X & Free Speech
Bill Ackman
A big part of it was that we used a different kind of instrument to short it, where we reversed that sort of... We made the investment asymmetric in our favor, meaning... Put up a small amount of money. If it works, we make a fortune. Whereas short selling is you kind of sell something and you have to buy it back at a higher price.
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