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Millennial Investing - The Investor’s Podcast Network
MI368: Bill Ackman: The Highs and Lows w/ Shawn O'Malley
Sep 9, 2024
56:54
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Bill Ackman, a legendary investor, known for his bold strategies and polarizing track record, talks with commentator Shawn O'Malley. They dive into Ackman's career beginnings and the tumultuous highs and lows he faced, including infamous feuds, like his rivalry with Carl Icahn. Ackman reveals insights on major trades, the Herbalife controversy, and why he sought a Wendy's spin-off. Current portfolio updates and future ambitions, including a potential IPO, round out this fascinating journey through high-stakes investing.
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Quick takeaways
- Bill Ackman's career reflects a journey of resilience, from the collapse of Gotham Partners to the successful establishment of Pershing Square Capital Management.
- His activist investment strategies demonstrate both the potential for unlocking shareholder value, as seen with Wendy's, and the risks involved, highlighted by his struggles with JCPenney and Valeant Pharmaceuticals.
Deep dives
The Rise of Bill Ackman
Bill Ackman, a prominent hedge fund manager and CEO of Pershing Square Capital Management, has become an influential figure in value investing with a net worth exceeding $9 billion. He began his career by co-founding Gotham Partners while still in his early thirties, gaining attention with a bid to purchase Rockefeller Center. Despite facing difficulties and scrutiny during the winding down of Gotham, Ackman showcased his ability to bounce back by establishing Pershing Square in 2004, and over time, generated substantial returns for his investors. His journey is marked by both remarkable successes and notable controversies that have significantly shaped his public persona.
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Discover
highlights
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