Lex Fridman Podcast
#413 – Bill Ackman: Investing, Financial Battles, Harvard, DEI, X & Free Speech
Bill Ackman
That was the resetting moment for the firm because it would just psychologically... And the beauty of investing is you don't need to make it back the way you lost it, right? You can just... Take your loss. By the way, losses are valuable and that the government allows you to take a tax loss and that can shelter other gains. And we just refocused.
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