Bill Ackman, CEO and Founder of Pershing Square Capital Management, discusses the 2024 US presidential candidates, AI, and the state of Harvard after anti-Israel protests. He also talks about the economy, debt repricing concerns, his philanthropy and political involvement, past successful bets, and the hiring process for his firm. A fascinating conversation on 'The David Rubenstein Show'.
Bill Ackman believes that the economy is weakening and there is a risk of a hard landing if the Federal Reserve doesn't start cutting interest rates soon.
Ackman questions Joe Biden's ability to handle the responsibilities of being a CEO of a major company, suggesting that Biden should step aside and create room for alternative candidates.
Deep dives
Summary of Main Idea 1
Aligned Data Centers uses a unique technology called Delta Cube to cool computer chips in its data centers, reducing energy and water consumption. The company financed a US data center using a sustainability linked bond, in partnership with Wells Fargo. The adoption of this technology demonstrates the company's commitment to sustainability in the tech industry.
Summary of Main Idea 2
Bill Ackman, a successful Wall Street investor, shares his views on the current state of the economy. He believes that the economy is weakening, and there is a risk of a hard landing if the Federal Reserve doesn't start cutting interest rates soon. Ackman expects the Fed to cut rates sooner than anticipated, as high real interest rates and the potential repricing of debt could have a negative impact on the economy.
Summary of Main Idea 3
In his interview, Ackman discusses leadership in politics and expresses his view on Joe Biden as a potential presidential nominee. Ackman believes that Biden is past his prime and questions his ability to handle the responsibilities of being a CEO of a major company, suggesting that Biden should step aside and create room for alternative candidates. Ackman also briefly discusses his own potential interest in running for office in the future, should the country ask him.
Pershing Square Capital Management CEO and Founder Bill Ackman talks about the candidates for President of the United States in 2024, AI and the state of Harvard after anti-Israel protests on their campus. He shares his insights on "The David Rubenstein Show: Peer-to-Peer Conversations". The full episode will air December 6th on Bloomberg Television.