#413 – Bill Ackman: Investing, Financial Battles, Harvard, DEI, X & Free Speech
Lex Fridman Podcast
Price vs. Value
- Understand the difference between price and value when investing: price is what you pay, value is what you get.
- View the stock market as a servant, not a master, offering daily opportunities.
- Determine the intrinsic worth of an asset and compare it to the offered price.
- Recognize that short-term market fluctuations are driven by speculation.
- In the long run, the market reflects the true value of assets.
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