Investor Bill Ackman shares insights on investing, financial battles, activism, Harvard governance, DEI, and challenges of free speech on college campuses. Discussions on activist investing, company value assessments, strategic battles for board control, and navigating governance structures. Exploring investing lessons from 'Intelligent Investor', the divide between speculation and investing, future trends in finance, technology, and entrepreneurship, and the evolution of the music industry. Navigating complexities in the Palestinian-Israeli conflict and leadership challenges at Harvard University.

In this engaging discussion, Kamala Harris shares insights on energizing Democrats during the election cycle, while Donald Trump navigates the complexities of political discourse at the NABJ. Ismail Haniyeh's assassination raises serious concerns about escalating tensions in the Middle East. Bill Ackman explains his decision to postpone his IPO, highlighting challenges in the investment landscape. The conversation also probes into how AI and economic decisions impact markets, against a backdrop of potential recession fears.

Legendary activist investor, Bill Ackman talks about lessons he’s learned growing up, raising a family, what drives him forward and back up from failure, consuming information and ideas, and facing criticism. -- Want even more? Members get early access, hand-edited transcripts, member-only episodes, and so much more. Learn more here: https://fs.blog/membership/   Every Sunday our Brain Food newsletter shares timeless insights and ideas that you can use at work and home. Add it to your inbox: https://fs.blog/newsletter/   Follow Shane on Twitter at: https://twitter.com/ShaneAParrish

Bill Ackman, an invaluable source of learning for aspiring investors, shares his investing checklist which includes simplicity, predictability, dominant market position, limited risk exposure, free cash flow generation, barriers to entry, excellent management, high return on capital, and a strong balance sheet. The hosts discuss their recent trip and recommend staying focused when broadening investing practice. They explore the impact of extrinsic risks, generating cash flow, and barriers to entry. They emphasize the importance of understanding a business's moat and reasons not to invest.

Bill Ackman, a billionaire hedge fund manager known for his bold political stances, dives deep into his reasons for supporting Donald Trump. He discusses the challenges of America's corporate culture and the detrimental effects of DEI ideologies. Ackman critiques media bias and the Democratic Party's disconnect with the public, advocating for stronger leadership. He also tackles national debt management and the impact of abortion politics on Republican female voters. His insights offer a provocative perspective on the upcoming election.

Bill Ackman is the CEO of Pershing Square Capital Management, L.P., an SEC-registered investment adviser founded in 2003. Pershing Square is a concentrated research-intensive fundamental value investor in long and occasionally short investments in the public markets. Bill is also a member of the board of Universal Music Group N.V. He serves as a member of the Investor Advisory Committee on Financial Markets for the Federal Reserve Bank of New York, and a member of the Board of Dean’s Advisors of the Harvard Business School. Prior to forming Pershing Square, Mr. Ackman co-founded Gotham Partners Management Co., LLC. In Today's Episode with Bill Ackman We Discuss: 1.) From HBS to Starting Your First Fund: How did Bill go from HBS to raising his first fund in Gotham Partners? How was that first fundraise? From 100 meetings, what worked? What did not work? What were the core fundraising lessons? What did Bill learn about great partnerships from his time with David building Gotham? 2.) Bill Ackman: A Winner's Mindset: How To Deal with the Highs and Lows: On reflection, what have been the most challenging times for Bill professionally? What does he say to himself when he is going through the hardest times? What is his mind talk? When the war is lost and it is time for learning, how does Bill reflect and learn from losses? Bill has previously described himself as "the most persistent man in America". How does Bill know when enough is enough, he was wrong and it is time to change his approach? 3.) Bill Ackman: SVB + Bank Runs and The Future of our Financial System: Why does Bill believe that the depositor guarantees for SVB and Signature Bank have created a "Three Tier Banking System"? What are those three tiers? Why does Bill believe that SVB is now the safest place to deposit your money? Why is First Republic Bank and SVB very different in terms of their exposure? What can be done to prevent further bank runs? What should the Fed be doing? Why are they not doing it? What would Bill do if he was in charge of the Fed? Why does Bill believe the current levels of FDIC insurance are insufficient and outdated? What should be used in their place? 4.) Bill Ackman: The World Around Us & Potential Politician Why does Bill want Jamie Dimon to run for President? If it is Trump vs Biden, who wins? Why does Bill believe Biden's tax policies destroy the US economy? What should we have instead? Why does Bill believe we should give every newborn baby $6,500 and invest it for them when born? What are Bill's 10-Year Long's and 10-Year Shorts? Why them? Would Bill ever run for politics? When is the right time?

President-elect Donald Trump shares ambitious economic plans and a vision for his second term, emphasizing substantial tax cuts and deregulation. Billionaire investor Bill Ackman offers insight into how these policies could impact the economy and market sentiment. They discuss the balance between business incentives and global challenges, shedding light on the role of leadership in navigating these complexities. The conversation also touches on the notable moment of Trump ringing the opening bell at the NYSE, symbolizing the intersection of politics and capital markets.

Bill Ackman, a prominent investor known for his bold strategies, joins Peter Rudegeair, a WSJ journalist specializing in financial events. They delve into Ackman's ambitious plan to raise $25 billion through his closed-end fund aimed at everyday investors. Despite his social media clout, unexpected challenges led to the plan's collapse. The duo also discusses the complexities of democratizing investments, how market dynamics influence perceptions, and the lessons Ackman learned from this high-profile IPO fiasco.

Guests like Charles Payne, Ian Bremmer, and Bill Ackman discuss topics ranging from nuclear energy and AI learning rate to Washington Post strike and home ownership program. The podcast also covers Hunter Biden tax problems, white male discrimination, pro-Palestinian free speech, Israel-Hamas war, Ukrainian war, and Secretary Blinken's statement on Ukraine. Trump's alleged inflating of assets and a recent ruling, as well as the use of seawater by Israel, are also discussed.

Bill Ackman, billionaire hedge fund manager and CEO of Pershing Square, dives into bold plans for Elon Musk and Vivek Ramaswamy to spearhead the Department of Government Efficiency. He discusses how these leaders can streamline government operations and address severance for impacted employees. The chat also covers Trump's pick for Defense Secretary, rising anti-Semitism, and the impact of unchecked immigration on violence. Ackman critiques the decline of corporate media, highlighting ethical lapses and the pressing need for diverse perspectives.