UBS On-Air: Market Moves Fireside chat with Bill Ackman and Ryan Israel
May 20, 2025
In a captivating discussion, Bill Ackman, the founder of Pershing Square Capital Management, and Ryan Israel, its Chief Investment Officer, share their insights on navigating market volatility and the future of value investing. They analyze the resilience of U.S. markets and how major companies shape the S&P 500's performance. The duo emphasizes the importance of quality in investment strategies, spotlighting opportunities in firms like Universal Music and Uber. Their talk also touches on geopolitical tensions and the evolving role of businesses in society.
AI Snips
Chapters
Books
Transcript
Episode notes
Long-Term Value Investing Advice
- Focus on the long-term value of businesses amid market volatility.
- Consider competitive advantages and future cash flows as key investment criteria.
Invest in Resilient High-Quality Businesses
- Own high-quality businesses resilient to economic shocks.
- Avoid borrowing heavily and invest where forced selling is unlikely.
Expect Unexpected Market Changes
- The future can unfold very differently than expected in short time frames.
- Finding businesses that thrive in various scenarios is crucial for investment resilience.
