1min snip

Lex Fridman Podcast cover image

#413 – Bill Ackman: Investing, Financial Battles, Harvard, DEI, X & Free Speech

Lex Fridman Podcast

NOTE

**Invest in around a dozen companies: that’s enough diversification **

While there are thousands of mutual funds available, only a few justify the fees they charge due to being too diversified and too short-term. It is often more beneficial to invest in an index fund. Some exceptional mutual fund managers like Will Danoff and Peter Lynch do stand out. Similarly, when it comes to stock diversification, the benefits peak with the first 10-12 stocks in a portfolio. Diversifying beyond this point offers diminishing returns, making it more advantageous to focus on a smaller number of quality companies.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode